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Topic Two-Project Concept Note

A Project Concept Note is a brief outline that summarizes a project idea, its objectives, and is used to secure interest from management or funding agencies. It includes essential sections such as background information, project overview, financial overview, and risk management. Developing a concept note involves project identification, idea generation, screening, and selection, ensuring alignment with funding priorities and organizational capabilities.

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0% found this document useful (0 votes)
5 views19 pages

Topic Two-Project Concept Note

A Project Concept Note is a brief outline that summarizes a project idea, its objectives, and is used to secure interest from management or funding agencies. It includes essential sections such as background information, project overview, financial overview, and risk management. Developing a concept note involves project identification, idea generation, screening, and selection, ensuring alignment with funding priorities and organizational capabilities.

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hafidhingaja
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Topic Two

Project Concept Note


Meaning of a Project Concept Note
▪ A concept note is a brief outline of the project you have in your
mind.

▪ Project concept is a tool for securing interest, and commitment from


the management or project partners.

▪ A summary of a proposal containing a brief description of the idea


of the project and the objectives to be pursued.

▪ Final output of the project identification stage


Importance of a Concept Note
▪ Contains a complete description or key points of the proposed project
idea

▪ A tool for capturing the interest of the funding agency and


demonstrating that the idea being proposed is worthy of further
consideration.

▪ In some cases, funding agencies require a concept note before the


submission of a full proposal,
* in order to decide whether the proposed project is in line with the
priorities of the organisation
* to eliminate proposals that are not likely to be funded.
What is a good Concept Note?

▪ Short and Precise (2-3 pages)*

▪ Should follow the taste of the funding agency or donor

▪ Written using simple language


Steps in Developing a Concept Note
▪ Project Identification
* This is the first stage of the project cycle, where project teams identify a local
need or economic opportunity that a project could address or capture.

* Proper identification of a project can reduce the likelihood of project failure


and minimize the risk of misusing the public resources by appraising and
structuring a non-feasible project.

* Project identification involves; generation of ideas, idea screening, idea


selection, and concept note designing
Steps in Developing a Concept Note
▪ Project Idea generation and Sources
* Project idea can be generated from;
• Individuals
• Groups of individuals (community)
• Local leaders
• NGOs
• Policy makers, Planners
• International development agencies
• Government declarations
Steps in Developing a Concept Note
▪ Project Idea Screening
* Project Idea Screening criteria can include;
• Compliance with laws and regulations
• Economic and financial appraisal
• Environmental and social issues
• Strategic requirements: belong to priority sectors and aligned with
Govt/Funder/Donor plans
• Readiness of the project and the implementing organisation
o Can the project be completed, given the organisation’s current situation?
o Is the organisation’s capable of implementing the project?
Steps in Developing a Concept Note
▪ Project Idea Selection
* After screening, the selected project ideas are submitted to the
organisation top management for discussion and endorsement before
the concept note is prepared.

* If the project idea is endorsed, the team of experts/project writing task


forces will move to the next step which is
• Project concept note preparation.
What should the Concept Note Contain?
Important Sections of a CN Important Sections of a CN
▪ Cover Page ▪ Financial Overview
▪ Background information * Estimated project cost and projected
* Institutional background revenue
* Geographic description
* Problem statement and need * Financing assumptions
▪ Project Overview ▪ Project management
* Objectives and impact * Monitoring and evaluation
* Results * Project implementation team
* Activities and duration
* Relevance to development priorities
▪ Risk Management
* Targeted Beneficiaries * Risk identification and mitigation
▪ Economic Overview ▪ Environmental and social overview
* Expected economic benefits ▪ Budget
* Expected market readiness (demand)
* Expected source of raw materials (supply
side)
What should the Concept Note Contain?..
Cover Page
▪ The cover page components;
* Organization name and Logo
* Project Name
* Project Location
* Contact information
* Funder name
* When the concept note prepared-month and year
What should the Concept Note Contain?..
Background information
▪ The background information consists of;
* Institutional Background;
• Provide a brief overview of the implementing organisation, its mandate
concerning the project, and the legal and institutional framework
supporting the project.

* Problem Statement and Need;


• Explain the problem/challenge the organisation needs to solve, a
condition to be improved, or a potential opportunity to be captured.
• What is the justification for the project?
• Why the organisation came up with this project idea?
• Why it is crucial to address the problem identified?
What should the Concept Note Contain?..
Project Overview
▪ Project overview consist of;
* Goal and specific objectives: Objectives of the project and Expected benefits

* Results: the results can be long term results or short term results (Impacts,
Outcomes and outputs)

* Activities and duration: a summary of the planned activities to achieve the


project objectives

* Targeted Beneficiaries: who are the beneficiaries (direct and indirect), what are
the expected benefits, both in quantitative and qualitative terms, and when and
where they will occur; how will they be assessed.

* Relevance to Development Priorities: How the project connects to the priorities set
by the central Govt, Organisation strategic plan.
What should the Concept Note Contain?..
Economic Overview
▪ Economic Overview consist of;
* Expected Economic Benefits:
• Indicate the expected economic benefits to be generated from the project.

* Expected Market Readiness (demand):


• Provide information on markets and the potential demand for the project.
• Briefly state the targeted users or beneficiaries of the project (estimated number
and their characteristics)

* Expected Source of Raw Materials (supply side):


• If the project requires raw materials for processing, explain the common sources of
supplies.
What should the Concept Note Contain?..
Financial Overview
▪ Financial Overview comprise of;
* Estimated Project Cost and Projected Revenue:
• Provide the estimated total project cost (investment or capital, operational
and maintenance cost of the project).
• Highlight the available budget (i.e., the organisation’s contribution and
any other funding available).
• Explain how the funds requested by the organisation will be used,

* Financing Assumptions:
• Specify the anticipated financing option or plan to cover the funding gap,
e.g., PPP approach, central government grants, Organisation’s own-source
revenue, donor funds, or a combination of options
What should the Concept Note Contain?..
Project management
▪ Project management deals with;
* Describing the organisation’s technical capacity for preparing and
managing the project.

* Explain the organisation’s plan for managing the project,

* Name the proposed project officer and the project management team

* Discuss the proposed monitoring, evaluation and reporting modality


What should the Concept Note Contain?..
Risk Management
▪ Risk management deals with;
* Identifying the risks in which the project is likely to face, this can be in aspects of;
• Technical risks
• Financial risks
• Operational risks
• External risks
* Analysing the risks in terms of;
• Probability of risk occurring
• Impacts of the risk on project objectives

* Developing mitigation strategies to address these risks


What should the Concept Note Contain?..
Environmental and social overview
▪ Briefly mention any expected environmental and social impacts and the
plan to conduct ESIA (if required).

Budget

▪ Show overview of the inputs needed to achieve the project objectives


* These may be, for example: people, travel costs, vehicles, equipment, supplies,
services, works facilities and overheads
Group assignment
▪ In your group, go and visit this website:
* [Link]
* Download the documents available on the website

* Select any key thematic areas for funding in 2023 and identify
the project idea

* Then from the idea identified, develop a project concept note

* Submission date:
The end
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