Project Report Definition

Project Report Definition

A Project Report is a written document relating to any idea of business. It consists of data based on which the project report definition has been assessed and found viable. It contains information on economic, technical, financial, managerial, and production aspects. It enables the entrepreneur to know the inputs and helps him to obtain loans from banks or financial Institutions. The project report includes comprehensive information about the necessary land and buildings, annual manufacturing capacity, manufacturing process, machinery and equipment prices and specifications, raw material requirements, power and water requirements, workforce requirements, project marketing costs, efficiency, financial assessments, and economic viability.

In other words, we can say that a project report is a written document that is related to a particular investment for a project. It provides details of the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan.

The difference between the feasibility study report and detailed project report:

A Feasibility study report is to support the investment proposal. Feasibilities for the various perspective related to technical, commercial, and financial are examined in detail by the experts and consultants brought in the feasibility study report. The feasibility study project report is also called a techno-economic feasibility study. It is the primary report for the formulation of the investment proposal.

Detailed project report is a complete document for investment decision-making, approval, planning whereas feasibility study report is a base document for investment decision-making. A Detailed project report is a base document for planning the project and implementing the project.