Podcast
Questions and Answers
What must management be convinced of to accept a proposal?
What must management be convinced of to accept a proposal?
- The proposal is endorsed by external consultants.
- The solution is innovative and acceptable to the public.
- The proposed solution is technically sound and feasible. (correct)
- The proposal contains multiple alternative solutions.
What are the three main sections that a proposal should address?
What are the three main sections that a proposal should address?
- Introduction, Body, Conclusion.
- Scope of Work, Project Timeline, Risk Assessment.
- Cost Analysis, Marketing Strategy, Executive Summary.
- Technical Section, Managerial Section, Financial Section. (correct)
Which of the following best describes the nature of an in-firm proposal?
Which of the following best describes the nature of an in-firm proposal?
- It is a comprehensive report including legal implications.
- It is a formal document for external stakeholders.
- It strictly outlines multiple possible solutions to a problem.
- It conveys ideas about a solution within an organization. (correct)
How does a firm-to-firm proposal communicate a project?
How does a firm-to-firm proposal communicate a project?
What distinguishes a proposal from a recommendation report?
What distinguishes a proposal from a recommendation report?
What happens if one of the legs of the proposal 'stool' is weak or missing?
What happens if one of the legs of the proposal 'stool' is weak or missing?
Which type of proposal is typically informal and focuses on a cost-benefit analysis?
Which type of proposal is typically informal and focuses on a cost-benefit analysis?
What does a proposal need to include beyond discussing what should be done?
What does a proposal need to include beyond discussing what should be done?
Flashcards
What is a proposal?
What is a proposal?
A document that suggests a solution to a technical problem, providing enough details for decision-makers to assess its feasibility.
What is the Technical Section of a proposal?
What is the Technical Section of a proposal?
The technical feasibility of the proposed solution, addressing its functionality and effectiveness.
What is the Managerial Section of a proposal?
What is the Managerial Section of a proposal?
The managerial capabilities of the team or individual presenting the proposal, assessing their expertise and experience.
What is the Financial Section of a proposal?
What is the Financial Section of a proposal?
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What is the three-legged stool analogy for a proposal?
What is the three-legged stool analogy for a proposal?
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How does a proposal differ from a recommendation report?
How does a proposal differ from a recommendation report?
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What is an In-Firm Proposal?
What is an In-Firm Proposal?
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What is a Firm-to-Firm Proposal?
What is a Firm-to-Firm Proposal?
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Study Notes
Proposals
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Proposals are documented ideas.
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Proposals solve technical problems.
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Proposals provide enough information for decision-makers to decide whether to accept the solution.
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To accept a proposal, management needs convincing that the solution is technically sound and operationally feasible(Technical Section).
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Management needs to be convinced that the proposing person/group has the ability to effect the solution (Managerial Section).
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Management needs to be convinced that the costs are reasonable and benefits match the total cost(Financial Section)
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A proposal is like a three-legged stool; if one leg is missing or weak, the proposal collapses.
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Proposals are similar to recommendation reports; however, proposals focus on one solution, discuss implementation details, and include information about timeline and cost.
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Types of proposals include:
- In-firm proposals
- Firm-to-firm proposals
- Research grant proposals
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In-firm proposals outline solutions within an organization. They are informal/semiformal and focus on technical and cost-benefit analysis.
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Firm-to-firm proposals state who will do what for who and the cost. An example is International Engineering proposing a wastewater treatment facility for $2.4 million.
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Research grant requests are offers for services, not acts of begging. Key elements include supporting arguments, need, and a summary of the proposed research.
General Outline of Proposals
- Introduction: Presents the document's purpose, problem, and scope.
- Technical Section: Includes background information, methodology, and project timetable.
- Managerial Section: Shows credentials, experience, facilities, personnel, and accountability.
- Financial Section: Details costs, payment methods, and generated revenues/cost savings.
- Tangible Products of the Project: A list of outcomes directly related to the proposal.
- Urge to Action: Encourages the recipient to accept the proposed solution.
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