Project Management And Succesful Entrepreneurship Venture In Nigeria

Abstract

This paper takes an empirical look at project management and small business entrepreneurshipventure operations in Nigeria. It posit that project management background is essential to thesetting up and good performance of entrepreneurship venture. The lack of knowledge of projectmanagement can create problems that will affect entrepreneurship venture growth andachievement of desirable objectives that lead to economic growth and development. The dataused for the study was mainly from primary source through the use of questionnaire andpersonal interview and was complemented by secondary data. The study used Pearson chi-square statistical tools to analyses the data. The empirical results revealed that projectmanagement is not given adequate attention in the startup and operation of entrepreneurshipventures, this was attributed to lack of skills, knowledge and abilities and ignorance in the areaof project management by individuals and institutions. Furthermore, the study established thatsome of the project management practices, approaches, competencies, and project managers’personal characteristics abound but how to apply them in entrepreneurship venture operations isa problem. The conclusion is that all stakeholders involved in entrepreneurship and businessprocesses in Nigeria should be grounded in the basic elements of project management and know-how to apply them in entrepreneurship ventures. Recommendations are provided on how togalvanize the two concepts into desired results that will facilitate maximum results.