What is project Proposal & How to
Write it?
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In any situation, a project proposal will be clearly arranged so that readers can follow a logical progression of thought to the conclusion. Many sample proposals offer a basic guideline that can help even novices get into the swing of effective proposal writing. The guidelines usually identify five key components or sections of any project proposal: the introduction, background, strategy, budgeting or financing, and outcome.
The background expounds on the basic points of the introduction, often citing specific reasons why the project plan is a good one, based on historical data, projections of future needs and performance, and the current circumstances of the business. The background helps to build the case for how the project can meet the needs that have arisen due to past actions while also anticipating future needs and addressing them in a timely manner. For the most part, the background section will firmly establish that something must be done and pave the way for learning how that something can be accomplished.
With the strategy section of the project proposal, the goal is to
outline all procedures that are necessary to make the project successful.
Often, the strategy helps to define short term and long term goals for the
project, explains how to systematically accomplish each step and what type of
return can be expected from the effort. Here, the reader begins to get an idea
of how important the project is and the potential it has to help the company
make better use of available resources while positioning itself for the future.
The budget section gets down to what most decision makers must know
before approving any project: what is the cost involved with the implementation
of the project proposal. In this section, the detail must be backed up with
facts and figures that are well researched and cover every imaginable aspect of
the financing needed to launch and maintain the project over time. Many
proposals fail here, due to a lack of detail and supporting evidence for the
detail that is included.
Finally, the project proposal points to the outcome of implementing the
project. This is the section where all of the benefits are spelled out clearly.
The advantages may include such items as reducing operating costs, increasing
the public profile of the business, generating more sales, or increasing
profits due to more efficient use of available resources. As with the budget
detail, it is important that every benefit named can be supported by other data
in order to be seriously considered.
Writing a proposal is sometimes easier when a formal RFP is provided.
Often, the RFP will lay out the basic structure of the proposal, provide
invaluable clues as to specific information that is of interest to the
potential client, and define the order in which data is presented. When an RFP
is provided, it is essential to follow the specifications of the document to
the letter. Otherwise, the proposal will be set aside and one of the other
vendors who did follow the provisions closely will be awarded the business.
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