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Importance and Function of A Project Proposal
Importance and Function of A Project Proposal
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2. Project Proposal...................................................................................................................2
5. Conclusion.............................................................................................................................7
References.................................................................................................................................8
Appendices...........................................................................................................................................9
Title: Importance and Functions of a Project Proposal
1. Introduction
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2. Project Proposal
A project proposal can be defined as a complex set of sales and marketing products
that proposal writer develop to define the audience problems or opportunities and then sell to
customers based on their ability to provide solutions and strategies that meet the audience
requirements (Hamper, J. & Sue, L. 2011). It is also a draft resolution to prepare for
investment. So, there are two types of situation when one needs to write a project proposal. In
college when students are asked to discuss new technologies, pitch a product, gain strategies
or improve the community whereas companies or firms write proposals to create new
products, plan new projects, develop campaigns and gain new opportunities. The elements of
a project proposal include the title or introduction, goals and objectives, description of
activities, description of expected results, project implementation plan, beginning of
operations resource allocation, project personnel, detailed project budget, other technical
means and the division of financial sources.
Moreover, there are four types of proposals which include an internal proposal,
unsolicited proposal, sole-source contracts and as well as solicited proposal. The internal
proposal is written by a specific department, individual or group within the company to plan
new projects and is either solicited or unsolicited. A solicited proposal is when a client or
audience invited the company to submit a proposal. Companies will receive requests for
proposal (RFP), bid invitation or request for quotation (RFQ). On the other hand, the
unsolicited proposal is a proposal written for the sake of the company without receiving a
request from the client. Companies send proposals for many firms or potential clients,
however, it is quite risky and has chances of being declined by clients or firms. A sole-source
contract is a contract that is established with only one supplier or company. It does not have
any competitors and occurs when a company has marvellous performance and is trustworthy.
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3. Importance of a Project Proposal
A proposal is a very important aspect for a company to implement their ideas, attracts
investors and giving a structure or direction which can lead to a company’s success. It is
also a document to request sponsorship or funding to the research.
First and foremost, a proposal holds an important role in setting a budget for the
company. Cost of the supplies, types of equipment, facilities, personnel, construction
should be included in the budget. Developing a project is very costly, thus, setting a
budget helps a company to know the cost to develop and plan the project, how much they
need to spend on materials and how much should they sell the product to gain profit. A
budget needs to calculate the net margin to markup the amount for profit. There are a few
types of budget which consist of the line-item budget that represent the expenditures in
specific budget categories whereas, performance or functional budgets and program
budgets that provide information that helps to effectively manage and allocate financial
resources (Coley & Scheinberg, 2000). According to Lewis. P (2005), a budget helps to
analyze and identify the components that can be eliminated which can reduce the scope
and complete the project for the desired amount. This is done when a budget exceeds
what the company wants to spend on the project. Hence, a company will not experience a
huge loss in funds if they plan a budget for the proposal.
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A proposal is also important in creating goals and objectives. Without a proposal, it is
difficult for the company to develop its product which can also lead to failure. This is
because a proposal gives a structure and direction to the company. Goals set the
company’s ultimate mission and purpose for the project, whereas, objectives represent
the desired and measurable results. (Coley & Scheinberg, 2000). Objectives are
important in providing a promise of what will the achievement be during the funding.
There are two types of objectives which consists of process objectives and outcome
objectives. Hence, when preparing a proposal one must understand “What is the
problem?”, “What conditions need to be addressed?”, “What will be the benefit and
results?” and “What are the problems to be addressed within the long run?”. “To protect
children from child abuse” can be seen as an example of what a goal should look like.
Besides that, a successful proposal turns the ideas into reality and can be put into
action. So, a proposal is crucial in implementing plans or ideas. According to Konttila &
Suurnakki (2008), implementation ideas describe how the project will be carried out and
the methods used. It provides detailed information on the steps a company need to do to
achieve their goals and objectives. Hence, companies have a clear account of what they
plan to do, how much time needed and who will do it for the activity or product to be
accomplished. They will have a clear understanding of the list of tasks, activities and
processes that need to be involved.
On the other hand, the importance of a research proposal is to convince the reader to
do something and make them believe that the solution is appropriate and practical. The
research proposal acts as a communication tool to communicate ideas to their targeted
audience and to gain support (Denscombe, 2012). It is often written in a persuasive and
informative manner. Researchers or students need to provide appropriate information
from adequate resources to persuade readers. By doing so, researchers or students can
convince the reader about the value of their project.
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4. Functions of a Project Proposal
The function of a proposal is to act as a blueprint for the research if the proposal is
well-constructed. It is an outline showing what the parts should look like and how they
will fit together (Denscombe, 2013). For instance, it can explain what and how will the
research be done, and justifies why the research is important. A research proposal can
determine a project’s success when it is thoroughly planned and organized. It is an
advance planning that benefits the researchers or students to run the project smoothly
without any major problems. Hence, without a proposal, it is clear to say that the project
will experience a lot of issues.
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A proposal also functions as a contract that is enforceable by law. It is a bond of
agreement between the researcher and their supervisor or department. Thus, a proposal is
approved, a contract will be signed between the funder and the researcher and only then
where the researcher can implement or execute the research. When the proposal in
progress, both parties can work out the terms and conditions of the agreement to make
modifications by negotiating the contract. A study of the approved proposal states that, if
it is done skillfully and extensively, it should form the foundation of work that will fully
satisfy all guidelines of acceptance. However, when a contract is made, major changes in
the terms or conditions could not be done by both the researcher or funding source unless
the changes are minor and are absolutely necessary.
The fifth function of a proposal is for educational purposes. Denscombe (2013) claims
that “ research proposal can act as an end-product in its own right”. Thus, rather than
functioning as a contract, a plan or communication it also has an educational function. It
is much more convenient for students as they don’t need to carry out researches just to
learn the knowledge of insights into the research process and its methodology. Proposals
are without a doubt very useful to students by providing learning exercises. For instance,
a social science research proposal can be studied by students related to this field.
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5. Conclusion
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References
Coley, M. & Scheinberg, A., 2000. Proposal Writing. Thousand Oaks: Sage Publications,
Inc.
Denscombe, M., 2012. Research Proposal A Practical Guide. 1st ed. Berkshire: The
McGraw-Hill, Inc.
Denscombe, M., 2013. The role of research proposals in business and management education.
The International Journal of Management Education, 11(3), pp. 142-149.
Hamper, J. & Sue, L., 2011. Handbook for Writing Proposals. New York: The McGraw-Hill
Companies, Inc.
Johnson, S. & Paine, C., 2016. Writing Today. New York: Pearson Education, Inc.
Keith, P., 2000. Developing Effective Research Proposals Essential Resources for Social
Research. 3rd ed. London: Sage Publications, Inc.
Lewis.P, 2005. Project, Planning, Scheduling & Control. 5 ed. New York: The McGraw-Hill
Comapanies, Inc.
Shore, R. & Carfora, M., 2010. The Art of Funding and Implementing Ideas. 1st ed. Los Angeles: Sage
Publications, Inc.
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Appendices
DIAGRAM 1 SHOWS A BASIC PATTERN FOR A PROPOSAL (JOHNSON & PAINE, 2016).
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TABLE 1 SIMPLIFIED LINE-ITEM BUDGET FOR GETA GRANT AGENCY’S LEARNING FOR LIFE
PROJECT, JULY 1, 20XX, TO JULY 30, 20XX. (COLEY & SCHEINBERG, 2000)
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