You have learnt about the investment decisions, cash flow, various opportunities available and also the assessment when the projects will have the break-even. Further, how to have the track of situation about its development & growth by balancing with the break-even point and take necessary steps for further improvement in achieving the expectations.
In this lesson, you will know about various project proposals and how to assess the project as good or not and thereby take decisions regarding acceptability. The Project Proposal stage provides management with information for decision making by describing the project and identifying affected areas and personnel. The purpose of the Proposal Stage is to initiate a project and establish its priority relative to other projects.
Project Proposal Stage
This is an administrative step to provide management with needed information for decision-making. The purpose of the Project Proposal Stage is to initiate an information systems development project and establish its priority relative to other projects.
The initiator of the project writes the Project Proposal, possibly with the assistance of other division and/or staff. The Project Proposal will include
• A general description of the project,
• Background information,
• Proposed technical approach
• An estimate of how long it will take to complete the Needs
Assessment and Planning Stages.
• Identification of
• Project manager,
• Customer coordinator and
• Resources who will be involved are to be made at this
time in the
• Needs Assessment Stage and
• Planning Stage.