Raising Money

Factors to consider for administering projects successfully

With the incredible number of organisations seeking out funds from the funding agencies, there is always a debate if they are biased or display favouritism to any specific fund receipients, which however isn’t true most of the times. In fact the funding agencies look for a number of criteria that the recipients must fulfill in order to be worthy of the fund. What are they seeking out? Is there a specific time-frame? Here is where the design of the proposal plays and important role. The logical model of the proposal is one of the key criteria and elements that the donors may consider.

Coming to – what a logical model is, then? A logical model helps in developing a proposal for a project and outlines the project summarily. A logical model depicts three important aspects that could either be foreseeable or not. It is a structured depiction of the factors that will ascertain the project to be positive or negative, current or futuristic during the implementation stage. And this determination helps you anticipate and equip yourself adequately with your resources viz., financial or human resources, including any necessary data that is essential to forecast the intended outcome. If these are met, then the project is going to be a success.

Developing a logical model for the projects also entails systematically analysing the project plan and designing an evaluation strategy. The process encompasses:

  • “Intervention strategy: Illustrating the desired change by the project.
  • Analyze the problem(s) to be addressed
  • Quantification of the needs during the project life
  • Identification of risk factors during the project life
  • A research depicting the situation and possible reverse strategies for the project
  • Anchorage of the strategies as best pillars for desired solutions (outcomes)”

Donors many a times also look for the focus issues based on specific sectors and in a way that if there is a gamut of issues, they are dealt in a strategic fashion to address all issues. The logical model helps in filtering out the unwanted aspects and arrive at core of the issue that actually impacts the project. This is when you adopt a theoretical change of model that will be supported by in-depth research work and best practices. A logical framework must have:

  • “Problem Issue – factoring in all issues that an organization seeks to address
  • Community Needs – what are the needs of the community around which the project is to be carried out
  • Desired Results – what are the projected results of the project as an outcome
  • Influential Factors – what are the issues that might influence
  • Strategies – some of the issues identified from prior researches
  • Assumptions – these are the issues that inform the eventual success of the project.”
Entrepreneurial Learning:

Funding agencies consider a number of factors and consider the issues associated with a specific sector. They strive at arriving at a logical framework to situation and hence contradict the notion that they are biased or practice favoritism in choosing a customer.

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