The differences between the business plan and lean canvas Essay

The differences between the business plan and lean canvas - Essay Example The lean canvas application, on the other hand, is a simple problem and solution approach that enables the entrepreneur to develop or advance on a step-by-step basis. Although both offer analytical approaches that are vital to the prosperity and success of the business, both have varied criticisms. The business plan fails to take into account the business model management and performance measurement both of which are vital in allowing the continued business success. On the other hand, the lean canvas fails to offer an expected approach in a situation where the solution that is given to the initial problem becomes difficult or unrealistic to attain on the ground. When and why an entrepreneur should use the business plan or lean canvas The lean canvas is a helpful tool that helps the entrepreneur's design businesses. It is an ideal tool since it enables the entrepreneur to define quickly a business without necessarily having to outline a full business plan. The lean canvas utilizes a o ne-page business model that facilitates and helps the early stage startup that will enable the entrepreneur to identify quickly and overcome challenges. It identifies a target market, defines a unique business value proposition, tests the assumptions put forward by the entrepreneur and ultimately arrives at their first iteration. The lean canvas is vital in helping the entrepreneurs to gain clarity about their business ideas that will translate into an approach that is well defined to their markets and potential end users and investors.

Project Management - Quality Planning Essay Example | Topics and Well Written Essays - 750 words

Project Management - Quality Planning - Essay Example The quality planning process defines the approach to be adopted toward the management of project quality during the course of the project. For example, the quality manual necessitates the use of concrete blocks for the partition walls whose strength is at least 1000 psi, the quality assurance is accordingly achieved only when the blocks of specified strength are being used, and their continual checking and testing remains the responsibility of the quality control (QC) department. The QC department is supposed to carry out the tests as frequently as stipulated in the documents prepared in the quality planning process. As evident from the name, the quality planning process is designed in the planning phase of a project. In fact, it is one of the very early considerations about a project since it affects and is affected by the total project budget. However, its implementation occurs throughout the execution phase till the project closeout after the defects liability period, when contractor might have to incur additional costs to satisfy the customer in that period. This tool focuses on the comparison of costs incurred due to investment in quality and the benefits achieved thus. One way the analysis can be made is as mentioned here. For example, reduced amount of rework enhances the profits significantly. The cost of quality is weighed against the profits in terms of customer’s and client’s satisfaction, increased efficiency and improved public relations by comparing the current situation with some old project of similar nature that incurred losses because of bad quality. Benchmarking is termed as the measurement of quality for improvement. Basically, the previous quality level is taken as a benchmark and results achieved by the measurements taken to improve quality are compared with the old benchmark to analyze the progress.