A project report is a written document pertaining to a certain investment. It contains information that was used to analyse the project and establish its viability. It addresses challenges in economics, technology, finance, management, and manufacturing. It enables the entrepreneur to comprehend the inputs and assists in the acquisition of loans from banks or financial organisations.
The project report contains detailed information on the necessary land and buildings, total production capacity, manufacturing process, machinery and equipment prices and specifications, raw material requirements, power and water requirements, human resource requirements, project marketing costs, production, financial analyses, and economic viability.
Following are the contents of a project report.
The facts of the industry to which the project belongs must be included in the project report. It must consist of information about the industry’s history, current state, issues, and future potential. If the proposed firm is a manufacturing unit, it must include information on the product to be made and the reasons for picking the product. It must describe the product’s demand in the local, national, and worldwide markets.
The project report must contain details about the industry to which the project belongs. It must include information on the industry’s history, present status, difficulties, and possibilities for the future. If the proposed company is a manufacturing unit, it must contain information about the product to be manufactured as well as the reasons for selecting the product. It should explain the product’s demand in local, national, and global markets.y.
The project report should contain the unit’s suggested organisational structure and pattern. It must state whether the company is a sole proprietorship, a partnership, or a joint-stock corporation. It must include biographical information about the promoters as well as financial soundness.
A concise summary of the project must be provided, including information on the following:
- The site’s location,
- Criteria for raw materials.
- The production goal,
- The workshed will need a certain amount of space.
- Power, fuel, and water needs, to name a few.
- Employment needs for skilled and unskilled workers,
- The project’s technology has been chosen.
- The manufacturing process,
- Production levels, unit pricing, and other projections.
- Plants to remediate pollution are necessary.
The product’s expected demand must be expressed clearly in the project report. The market price at which the products may be sold must be specified. It should also describe the strategies taken to gain market share. If an after-sales service is provided, it must be specified in the project. It must specify how the product will be distributed from the producing unit to the market.
The following should be included in the project report:
- Business experience of the company’s promoters,
- Information about the management team,
- Team members’ tasks and duties
- The organization’s current staffing requirements,
- Business management techniques,
- Personnel recruiting and training plans,
- The management’s programs and policies.
To establish the firm’s profitability, a projected profit and loss account and balance sheet must be included in the project report. The estimated sales income, cost of production, gross profit, and net profit of the proposed unit must all be indicated. In addition to the aforementioned, a projected balance sheet, cash flow statement, and funds flow statement must be prepared every year and at least for a period of 3 to 5 years.
A project report includes details on the project’s technology and technical aspects. It contains information on the project’s selected technology, manufacturing process, equipment capacity, pollution control facilities, and so on.
A project timetable must be developed for each proposed business unit. It must define when the activities linked with the establishment of the firm may be completed. The implementation techniques illustrate the period for project preparation and completion.
The units proposed are based on social contributions. As a consequence, it benefits society by providing jobs, money, exports, and infrastructure. The project report must include information on the business’s output.