It is important to work on concept paper for any major business undertaking. A concept paper helps an individual/organisation to streamline their thoughts, to make an apt decision and take a right direction towards the end result.
- Introduction– what is to be said
- Purpose (objective – what you aim at and outcome-what you arrive at)
- Project Description ( background – issues at hand, existing need, investigations and inquiries requested on areas, possible solutions, projected outcome)
- Goals (list out the number of goals you want to achieve here)
- Methodology – (how will you go about doing it in terms of strategy and Plans)
- Action Items _ (Activities/List of actions that you will do with their Timelines and savings with their Benefits/Anticipated Outcomes in quantifiable terms or figures)
- Support Needed – (list out the support needed from various quarters to drive this project)
- Costs – (if needed)
- Contact Information – the stakeholders involved to make the project a success
- Conclusion – what is finally said