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Write a brief statement of your intent to purchase and clearly state why the purchase is necessary and what benefits it will have to the firm. If you can calculate a return on investment, be sure to include those details in the memo. Also include the research you conducted, rationale for your decision and the associated short- and long-term costs of the purchase.
Write a full listing of the features and benefits of the product in your proposal. That includes the product design, packaging, and name. Highlight the two or three features and benefits that you feel will best address the needs of the target consumer and capture the attention of the distributor or retailer to whom you plan to present your proposal.
A Project Proposal is not a contract. It’s easy to confuse it with a Business Proposal (a document in which legal terms are outlined). However, clients or sponsors merely sign the Project Proposal to approve its contents. After signing and approving the Project Proposal a business starts drafting the following documents: a project charter.
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