Tips for writing a good Project Proposal
A good project proposal can never fail to get you funding for a project. Do you have a forthcoming project but have no idea on how to fund it? You can draft a project proposal and seek for funding. If everything is done the right way you should be able to get funding for your project.
David Ingram of Chron.com lists down some of the tips and steps for writing a good project proposal / grant proposal.
Speak with potential donors before beginning your proposal to determine donors’ specific giving preferences. Custom-tailor each funding proposal to a specific donor, rather than sending out the same document to multiple sources to increase the attractiveness of your proposals. Each potential donor has a preference for specific areas of need, different types of organizations and different types of projects. Find out what kind of projects each donor has funded before, donors’ preferred proposal formats and the areas of need that potential organizational donors address with their own services.
Begin your proposal with a comprehensive needs analysis to set the stage for the project you propose. Your description of your project will have more impact if proposal readers fully understand the why behind what you propose to do. Dig up solid statistics in your proposal to support your claims. A project proposal focused on community education, for example, could share statistics on adult illiteracy and high-school dropout rates in the surrounding communities. Discuss the root causes of the needs in your analysis, as well, to show that you fully understand the problems.
Thoroughly describe the way your project will function, focusing on the impacts it will have in the area of need identified above, to give donors a more complete understanding of your project. Pair a detailed narrative of how your project will work with pictures, graphs, floor plans and any other documentation that will allow donors to visualize the completed project. Be prepared to answer any questions about this section of the proposal with confidence, to show that you know exactly how to put donor funds to the best use.
Lay out a financial plan showing exactly how you intend to use the money you raise. Even if donors are convinced that your project can effectively serve a need that resonates with them, they will still want assurance that you are going to use the money in the most efficient manner, maximizing the impact of their donations. Draw up a budget for spending the money, including allowances for unforeseen expenses.
Include brief professional biographies of yourself and other top leaders in your organization, focusing on your experience implementing projects similar to the one you are proposing. Use this section to prove that you and the leaders of your proposed project possess the knowledge, experience and contacts to plan and execute a project successfully.