For an outdoor speaker sound level meter, the AD8307 logarithmic amplifier is recommended for accurate measurements, while the LM3916 can be used for a sound level indicator with a bar graph display. However, purchasing a pre-calibrated sound level meter is advised due to the complexities of calibration and potential inaccuracies in DIY builds. The cost of the LM3916 is under $2, and bulk orders can reduce shipping costs. The significance of the thesis proposal should focus on the importance of accurate sound measurement and potential applications, while considering microphone frequency response and calibration methods. Engaging with a teacher for guidance on the project's objectives is also suggested.