Both are viable options to explain your project although the first is most typical of Government proposals. If you choose to use a different format, just keep in mind that it must clearly and concisely explain your project. Write the abstract after you have completed the proposal and have a clearer idea of what is to be distilled and summarized. Take time to ensure that the abstract is one of the strongest parts of your proposal. TEXT - documents the needs to be met or problems to be solved by the proposed funding and usually begins with a Project Statement or Needs Assessment.
Objectives establish the benefits of the funding in measurable terms.
Methods describe the activities to be employed to achieve the desired results. Evaluation presents a plan for determining the degree to which objectives are met and methods are following. It should not be more than 2 pages long. Most of the salary requirements requested by a project director in the average proposal are for summer funding. Exceptions are made to provide for release time during the academic year or for a full-time salary for a new position.