The process of your synopsis, and project report begins as soon as you enter in 3rd Semester of your Ignou MBA Program. In order to prepare your project, you will need a Guide for sure. A situation of panic and problems arise in the case of those IGNOU students who do not get a Guide for their synopsis and project. The importance of a Guide can easily be understood from a single fact if you are an IGNOU student, and you do not have any Guide, your synopsis might not get approved.