Procedures of developing project proposal.

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- Procedures of developing project proposal:
Project proposal are documents designed to present a plan of action, outline the reasons why the action is necessary , and convince the reader to agree with and approve the implementation of the actions recommended in the body of the documents
  In short '' The set of the documents submitted by evaluation of project is called project proposal ''
The steps involved in the procedure for developing a project proposal are
a.       Project brief: It summarizes all the relevant facts about the project. the contents includes
·         Need for the project
·         scope of project
·         benefits of project
·         objective and outline of project
·         estimated budget
·         estimated time table
·         procedures of task

b.      Prefeasibility study: It is a preliminary study of the implementability of the project. It does not deal with details. The area for which information is collected and analysed are:
·         Technical analysis: it analysis the feasibility of meeting technical specifications of the project and technical resources required for project implementation.
·         financial analysis: It analysis the capital requirement of project, project's capacity to meet financial obligation and cost aspect of the project
·         Economic analysis: Benefit/cost analysis is done to analyse the net contribution of the project to the economy and the society.
·         Marketing analysis: It analyses project capacity, market demand, sales forecasts, revenue generation and competition.
·         Management analysis: it analyses the adequacy of management system to direct and control the project.
·         Environment analysis: it analyses the impact of project on the environment.

c.       Preliminary Design: it is an elaboration of project idea and is based on the requirements of prefeasibility study. It includes
·         Technical aspects consisting of preliminary surveys and engineering design etc.
·         Preliminary project schedule and implantation plan
·         estimated project cost

d.      Proposal Development: the project proposal is developed . It  should contain following information:
·         project objectives and outputs
·         project activities
·         project implementation: project organization, parties involved , implementation strategy
·         project schedule: Bar chart with milestones for formal review of project progress
·         project budgets: it is itemized in expense heads
·         Project monitoring and evaluation including verifiable performance indicators and assumption risk.

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