Podcast
Questions and Answers
What does the Technical Section of a proposal evaluate regarding the proposed solution?
What does the Technical Section of a proposal evaluate regarding the proposed solution?
- The financial implications of the solution
- The qualifications of the proposing individual or group
- The feasibility of implementing the solution (correct)
- The market demand for the solution
What must be true about the costs in a proposal's Financial Section?
What must be true about the costs in a proposal's Financial Section?
- All costs must be identified and guaranteed
- Costs should be higher than industry standards
- All costs can be estimated without thorough analysis
- Benefits must outweigh total costs (correct)
In what way does a proposal differ from a recommendation report?
In what way does a proposal differ from a recommendation report?
- A proposal suggests multiple solutions
- A proposal is less detailed than a recommendation report
- A proposal is only concerned with theoretical aspects
- A proposal focuses on a single solution with implementation details (correct)
Why is a proposal likened to a three-legged stool?
Why is a proposal likened to a three-legged stool?
What aspect does the Managerial Section of a proposal assess?
What aspect does the Managerial Section of a proposal assess?
What is a key characteristic of a well-constructed proposal?
What is a key characteristic of a well-constructed proposal?
Why is a proposal compared to a three-legged stool?
Why is a proposal compared to a three-legged stool?
What aspect is crucial in the Financial Section of a proposal?
What aspect is crucial in the Financial Section of a proposal?
In the context of proposals, what does the Managerial Section primarily evaluate?
In the context of proposals, what does the Managerial Section primarily evaluate?
Which of the following best describes the focus of a proposal?
Which of the following best describes the focus of a proposal?
Flashcards
Technical Feasibility
Technical Feasibility
A proposal should demonstrate that the proposed solution is technically sound and can be implemented practically.
Managerial Feasibility
Managerial Feasibility
A proposal should show that the person or group proposing the solution has the skills and resources to carry it out successfully.
Financial Feasibility
Financial Feasibility
A proposal must clearly identify all costs, ensure they are reasonable, and demonstrate that the benefits of the solution outweigh the overall cost.
Proposal Analogy
Proposal Analogy
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Proposal vs. Recommendation Report
Proposal vs. Recommendation Report
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Study Notes
Proposal Characteristics
- A strong proposal requires technical soundness, managerial capability, and financial feasibility.
- A weak component compromises the entire proposal, like a three-legged stool with a missing leg.
- Like a recommendation report, a proposal addresses a solution to a technical problem.
- Proposals differ from recommendation reports by focusing on one solution, including detailed implementation information.
- This includes the implementation method, estimated timeframe, and projected costs.
- A technically sound and operationally feasible solution is crucial (Technical Section).
- Demonstrating the proposer's capability to implement the solution is vital (Managerial Section).
- Costs must be identified, reasonable, and balanced against the solution's benefits (Financial Section).
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