Your task is to advise an investment group on emerging opportunities and prepare a briefing paper on an opportunity that you believe they should (AUD500k), or should not invest in.  This assessment will be conducted in pairs. Pairs will be automatically assigned by the MyUni system. Your task is to take the lens of a venture capitalist and research an opportunity of interest to deliberate whether or not you would invest AUD500K. This task is important for anyone aiming to get involved in the world of entrepreneurship for two main reasons: (1) understanding some aspects of the due diligence process is crucial for all entrepreneurs as this will help them capture the expectations of investors and enhance their ability to raise capital; (2) deliberating as to whether or not a business or a business idea is a good opportunity helps develop a framework to which entrepreneurs can refer when evaluating their own venture. As this is a foundations course and a general introduction to entrepreneurship, you will primarily be asked to look into the features of the business, market, industry, trends, forms of entrepreneurship, resources and capital structure. You are not expected to analyse the business using complex financial and valuation models as this angle of analysis is beyond the scope of this course. The aim is to analyse the opportunity by referring to entrepreneurship concepts and theory. You are asked to choose a business that is either (1) already listed or is about to get listed as a public company on a stock exchange (e.g. ASX, NASDAQ, LESG, New York Stock Exchange, Ethereum, etc.), or (2) a new start-up that is currently part of an accelerator, or is being funded by venture capital firms. Remember that the easier it is to find information about the opportunity at hand and its market/industry, the better the analysis and deliberation. The business to be analysed need to be founded within the past 15 years, no more. Avoid the large organizations such as Google, Facebook, Linkedin, Amazon, Tesla, etc. In-depth research is required in this task and the provision of information from different sources is needed in order to make a rational decision. You can use industry and market reports to analyse the context of the opportunity. You can refer to interviews, press releases, annual reports, announcements or any information published by the business or its related stakeholders. If not published by the business or related stakeholders, avoid using blogs, news articles, vlogs or any types of content that consist of point of views rather than evidence based work. Each pair member: Individually each pair member should identify and research an example of an opportunity that they see existing. Each pair member should prepare a short one page brief to share with their team outlining the opportunity for exploration (Include this brief in the appendices section of the report). The pair: Select the opportunity that you wish to further explore as a group. The pair must develop an analysis of the opportunity by referring to the opportunity screening tool (provided an explained during the course). The tool will allow: Exploring the opportunity in the context of the various forms of entrepreneurship covered in the unit. Exploring the market, industry, competition, etc. Examining the business model, resources and capital structure Drawing conclusions about the particular opportunity (pros and cons) by taking a short-term and long-term approach. When deliberating, the pair needs to conclude as to whether or not they would invest the AUD500k and why. You must write a report examining your analysis. You can use the opportunity screening tool to structure your report, however, this is not mandatory. A structure similar to this is suggested: Executive Summary and Opportunity Overview Introduction Opportunity overview Market Finance and Resources Environment Discussion (Deliberation) and Conclusion

ScenarioYou work for DZM Web Solutions, a company that develops software solutions for businesses in the customer service industry. You are the project manager of an IT project to update a database to a new software version. This database holds all information related to and in support of Sarbanes–Oxley Act. The upgrade is major and encompasses many changes because laws have changed. This project was attempted last year but it failed due to a change in the organizational structure and because other databases needed to be changed first. Some changes are completed and some are not. The company wants to be proactive.The old project manager left some notes and a few half-completed project documents for your assistance. He is no longer with the company. The board of directors is very upset and has assigned a new change control board that will not budge on issues brought forward. Expectation is high that this project will be delivered on time and budget. In addition, the project management office (PMO) is beginning to migrate from a strict waterfall methodology to an iterative approach as management believes this will save projects from failure.You now have a six-month deadline to complete the project. You have a budget of $150,000 to cover secured resources and any equipment needed before the system loses support from the developer and fines are rendered for noncompliance. You have been assigned a new project team, but contracted support staff has not been defined because the head of procurement retired. The sponsor, Lillian Timmons, is the only remaining project stakeholder from the first attempt, and she is upset that the project is starting over. She has asked you to spend the first week completing a full review of what went wrong and how you will change and manage the project going forward. You are to submit a memo to her by Friday end of day discussing your findings. She is not willing to take a chance on you as a PM if you don’t know what you’re doing. You need to gain her confidence to move forward.DirectionsYour memo should describe risk management approaches and analyze errors in communication and project management methodologies in past project developments. Your memo should inform the organization’s new direction for this project and assist in planning and execution for future projects. In your responses, consider PMBOK® methodologies and approaches. Evaluate past project communications for effectiveness and appropriateness. Include the following in your response: Where would you find documented past communication problems?Why were past project communications ineffective or not appropriate? Provide examples to support your response.How would you determine the risk aversion of the stakeholders?How would you communicate with your stakeholders in this project scenario? Provide evidence to support why this strategy would be effective.Define triple constraint and its impact on project planning and execution. Include the following in your response: What is the triple constraint and how is it impacted with project changes?What benefits can triple constraint have when planning and executing a project?What elements are crucial to ensure that triple constraint is used effectively?Determine if an appropriate project management methodology was used in the past project attempt in the provided scenario. Include the following in your response: What is a methodology? Define the following:WaterfallAgileWhat project management methodology was used in the past attempt, and why was that methodology appropriate or inappropriate?What product methodology could be effectively applied to this project?Explain strategies for identifying potential project risks and informing management. Include the following in your response: Overall, what are common risks for this type of project?How risk averse are your stakeholders?Describe your approach for analyzing a project for risk. Include the following in your response: What qualitative factors are considered in risk analysis?What quantitative factors are considered in risk analysis?Describe mitigation strategies for the identified potential risks. Consider the following in your response: What steps would you take to develop a response after a strategy is defined?Explain the use of a change management plan for supporting project success. Include the following in your response: What is a change management plan and when should one be used?What are the benefits of having a well-developed change management plan?What elements should be addressed in a change management plan to increase likelihood of success?Should the project be continued? Why or why not?What role do stakeholders play in change management?