Entrepreneurship in product development is all about raising agile concepts to entrepreneurial level in a way that would clinch success by innovation, autonomy, proactiveness, risk-taking and other characteristics associated with entrepreneurship. 

The present paper describes briefly how to make a Agile product development approach as entrepreneurial. An entrepreneur has high level of personal ownership and this is due to the fact that an entrepreneur understands that failure is not an option, so this approach of personal ownership sets performance standard high. Similarly entrepreneurial project manager understand that if the project fails then the organization fails. This paper also talks about three main aspects of entrepreneurial project management which are entrepreneurial orientation, entrepreneurial management and entrepreneurship strategy.

When we introduce Agile in any organisation, it gives impression of working in a way which will do wonders to productivity of the teams. But at the time of implementation , lot of problems and challenges pop up , which were never understood at the time when agile implementation is thought of. So what are these problems and challenges and why they are not thought through !