Writing a project proposal rationale

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Writing a project proposal rationale

Within a larger project proposal or business case, the project rationale is included. It is a brief description of why a specific project should receive funding and management approval, and it can be used in both for-profit and on-profit businesses.

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Return on Investment The rationale for a project could be the financial evaluation of multiple projects. For example, a company may have to decide whether to fund research and development into a new product, acquire a competitor with a similar product or form a joint venture with another company.

Common evaluation tools include net present value and payback period. The net present value is a project's future cash flow discounted back to the present.

Definition

The payback period is the time required to recover a project investment. Projects with a positive or high net present value and a short payback period are generally preferable over projects with low or negative present value and a long payback period.

Technology Evaluation A project rationale could be the evaluation of competing technology solutions. For example, a small business could be selecting a hardware or software platform for its next generation of products. Senior management might establish a project team to evaluate the various alternatives.

The rationale for this project could be to select the technology option that represents the best long-term growth potential for the company. A medium or large company, which is considering the implementation of an enterprise software solution for process improvements, could set up a project team to evaluate competing solutions from SAP, Oracle and other vendors.

Writing a Successful Proposal | Sponsored Research Services

The rationale for this project could be to determine the most cost-effective and technologically superior solution. Business Expansion Companies are always looking for revenue growth opportunities. For a small business, this growth may come from developing new products, increasing the sales of existing products and exploring new markets.

The company could fund projects to evaluate each one of these strategic alternatives. For example, one project rationale could be to determine which international market offers the best growth opportunity over the medium- to long-term. Other Rationales Other examples of project rationales include assessing different marketing strategies, constructing new facilities and moving products from research into full-scale production.

Writing Problem Statement/Project Rationale in a Proposal - Funds for NGOs

Each one of these projects represents benefits, such as future cash flows, and risks, such as high initial cash outlays and the failure to gain market acceptance.Grant Writing Courses Proposal Writing Short Course (The Foundation Center) Basic Elements of Grants Writing (Corporation for Public Broadcasting) Getting Started: The Concept Paper.

The most universal advice on writing a successful grant proposal is to present a well written, focused solution to a problem in a logical progression. The Problem Statement/Project Rationale gives an explanation about the issue that is being addressed by the project. It also argues in favour of implementing the project in the proposed area in the existing conditions.

It is very critical that we give evidence to what we are writing in this section of the proposal. Some things to keep in mind when writing your rationale are: At the top of the page, at the very minimum state the name of the client and the name of the project.

It’s sometimes also helpful to provide a short summary of the brief. Keep your writing to the point – one page is usually long enough.

writing a project proposal rationale

The quality of the books, i want to know the due date how to write a dissertation proposal rationale submit my project synopsis and finally my project report As for me, it’s an excellent guide for everybody writing a dissertation.

Jun 29,  · Within a larger project proposal or business case, the project rationale is included. It is a brief description of why a specific project should receive funding and management approval, and it can be used in both for-profit and on-profit businesses. within all proposals in accordance with the criteria specified in the program solicitation.

writing a project proposal rationale

Proposals submitted in response to program solicitations are considered "solicited". This means that the resulting awards are not subject to the statutory cost sharing requirement.

The project rationale is often synonymous with the ‘project justification,’ ‘problem statement,’ or ‘project background’. It is an argument in favor of implementing the proposed project which gives a detailed explanation of why the project is required. How to Write a Rationale Adapted from SLATE Starter Sheet, NCTE, April Jean E. Brown, Saginaw Valley State University, Michigan At this level of rationale writing it is essential for teachers to have a written statement. Just thinking about the reason is not enough to. trom the project through communication between the Algebra Team Leader and teachers not in the project. 3. A. Implementation plan The adequacy af the plan to achieve the project objectives within the proposed timeframe and budget including clearly defined responsibilities.

Cost sharing is not required unless explicitly included in the solicitation.

GDC | Writing a Project Rationale: A guide for students