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The abstract is not an excerpt but an original document that is self-sufficient.Īn executive summary is aimed at a business audience. Executive summary vs abstractĪn abstract summarizes a document like a journal article while an executive summary sums up a longer document.Īn abstract is mostly used in academia as a requirement when submitting conference papers, book proposals, or applying for a research grant.

While they have similar elements, an executive summary can stand alone as a document, while a project overview needs to be attached to your project. It’s everything that management needs to know when they land on your project before they review your project plan.Īn executive summary in project management shouldn’t be confused with a project overview. What is an executive summary in project management?Īn executive summary in project management is a summary of the most critical information of your project proposal.

Provide a high-level overview of your company, your short-term and long-term goals.

Tell them what to expect in the business plan so they are motivated to keep reading.

The goals of an executive summary include: Many investors will only read the executive summary during the first contact with your business, so all the information they need should be included. The executive summary is made for lenders, investors, and busy executives who don’t have time to read the full proposal.ĭone right, it zeroes in on what your prospective investor or project sponsor wants to hear and clearly communicates the value of your business. It provides a quick overview of your business plan with details like a description of your company, financial information, and market analysis. What is an executive summary?Īn executive summary is a brief synopsis of a larger document such as a business plan. In this guide, we’ll show you how to write a captivating executive summary, what to include in the document, and jumpstart yours with customizable templates. An investor or C-level executive with limited time probably won’t feel motivated to read a full business or product plan without a compelling executive summary.

It convinces readers to purchase a copy because the storyline is worth their time. Think of the executive summary as the back cover of your book. If you want to capture and hold interest, then you need to craft an engaging executive summary that can effectively hold someone’s focus.īefore you dive into the details of your business plan or project proposal, your first step should be an executive summary that captures the attention of those in a position to give buy-in. Attention spans across the board are at an all-time low - including those of potential investors and project stakeholders. According to Time Magazine, 55% of people only read a piece of content for 15 seconds.