Question

In: Economics

What are the components of a formal proposal? Secondly, briefly explain each component.

What are the components of a formal proposal? Secondly, briefly explain each component.

Solutions

Expert Solution

The basic components of a formal proposal are:

1. Abstract or summary

2. Statement of need

3. Project activity, methodology and outcomes

4. Evaluation

5. Dissemination

6. Budget and continuation funding

1. Abstract or summary :

  • Most important component
  • It should not be longer than one half of page
  • The title must be catchy
  • It must contain the details of what has to be done, how it has to be done and by whom
  • It must also contain the possible outcomes and benefits
  • Each subheadings must be bold

2. Statement of need:

  • It addresses the issues that we are facing and it's effects
  • What we propose as a solution is necessary
  • It must also address who benefits and how it benefits the public
  • It must include a comparison with the past
  • This statement must also provide evidences that this is not a duplicate work

3. Project activity,methodology and outcomes:

  • It includes the various approaches inorder to address the issues and other alternative approaches
  • It includes timeline of activities
  • Tables and charts are best representation of information
  • It indicates the outcomes to be achieved and their after effects

4. Evaluation :

  • It includes the methodology used to assess for projects success
  • Evaluation of project if it is feasible both quantitatively and qualitatively

5. Dissemination:

  • It describes the communication strategy used
  • Dissemination plans target policy makers, media
  • It includes sending the work in periodicals, newspapers, press release etc

6. Budget and continuation funding :

  • Budget details are shown in table form and each item is explained
  • It indicates how the project will be funded after grant funds have got over

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