The purpose of a project proposal is to provide stakeholders with comprehensive information about a project, including its timeline, budget, and objectives. In order to inspire stakeholders to become involved in the project, you should summarize the details of the project and sell the idea to them. For a medical device company, the proposals must be intricate from both the business and science aspects. In order to receive approval on a project, an outline of data and extensive research is necessary.

Project proposals are important when seeking funding or building a project team, especially if one starts this endeavor solo. The proposal must be effective and complete so that potential stakeholders and/or team members can make an informed decision regarding their next steps. For this, it should include the project timeline, a budget (and, if possible, a line-by-line breakdown of the materials being used in the budget and what they're needed for), the goals and objectives of the project, and if applicable, any revenue and ROI projections. 

As both individuals above mentioned and defined project proposals beautifully as pitches that are given to investors in order to secure early funding for the project to be able to start and grow. It is crucial to have a general idea of the logistics that will be required for the project in terms of project length, required money, required resources etc. Additionally, because you may or may not have any experience in that field, it is extremely important to be able to connect with the investor so that they have a reason to invest in your idea or device.

If I were to pitch a device it would be an improved Ballistic Helmet that US soldiers could wear during training and war conflicts that would help protect the from Blast Induced Traumatic Brain Injury (bTBI). This product may only seem beneficial to the US Military personnel but could be overlooked as there is already sufficient equipment in use for them. Because of this circumstance it is important to be able to adapt your pitch so that the use of this helmet could benefit them too in the long run rather than just the soldiers.

For example: If the investor invests in the helmet production and implementation into the US Armed Forces, soldiers will have better head protection that will help save them from certain mental diseases such as depression, anxiety, and PTSD. With this reduced amount of mental illness in veterans, they will require less medical care after they finish serving and in turn tax dollars can be used in a different sector that would further help the general public. Additionally, with less mentally harmed veterans, their affect on the healthcare system will be less and these individuals can return from war without suffering life long injuries. 

The company I work for mainly specializes in devices related to cardiovascular surgery, but I found out that a while ago there was actually a project proposed for a device that would be used in surgery for stroke patients. However, the project ended up being cancelled when there was a change in leadership within the company. New management decided that this particular device didn't align with the company's main focus on heart-related devices. While I thought it was a shame that it was cancelled, since a lot of R&D work had already been initiated, I can understand why management made this decision. Just because your project proposal gets the green light, unfortunately competing priorities within the company may take precedence. Still, maybe the initial project proposal was insufficient and set unrealistic goals. If the proposal had been more realistic from the beginning, then they wouldn't have wasted resources on a project that wasn't going to go anywhere. This example is something I would definitely keep in mind if I were to ever initiate a project in order to make sure it strongly adheres to the company’s overall goals.

The company I currently work for is a registered behavior technician company that works with autistic children. The proposals that I would do for this type of job would be different from the making medical devices but the structure and content should be the same. For example, if I wanted to put on a vent for the children I would include the timeline, budget and objectives. I would then present that to the owner or supervisor of my clinic for the event that I would like to put on. I would also prep myself to answer any questions that may be asked during this proposal time. This would be the same in the biotechnology and medical technology world. I believe no matter what proposal you are doing it should always be intricate because this would be an event or device that will affect someone's life. You always wanted to affect someone's life for the better. Since the supervisor or whoever is over the place you are working at will be listening and reviewing this proposal because most likely they will be funding it it is important to be very detailed oriented and have a straight objective.

I think the most important steps about a project proposal is having realistic expectations of the project. Being specific and having clear expectations for the device and the processes going into making it is ideal. Being able to fully and accurately describe how this proposed device allows the initiator to think on how exactly it aligns with the mission statement of the company and whether or not there will be a market for it. Additionally, talking to people from the departments that would be involved in a project like this would be immensely useful in understanding the timeline of the potential project. Having realistic expectations in the project proposal will translate to having a clearer goal and a better plan moving forward in the development process.

A project proposal should include an executive summary, where a brief overview of the project is discussed. It should also include the business needs for the project as well as the objectives of the project. Next, the proposal should include an outline of the developmental steps needed for the project and a timeline that would highlight the major milestones of the project. The proposal should also highlight the benefits of the project and any potential risks that can surface during this project; these risks should also be associated with mitigation plans. Lastly, the proposal should include a budget overview.