what is project details ? how it is prepared
Answers
Explanation:
A Project Report is a document which provides details on 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/activity.
Project Report is a written document relating to any investment. It contains data on the basis
of which the project has been appraised and found feasible. It consists of 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 contains detailed information about Land and buildings required,
Manufacturing Capacity per annum, Manufacturing Process, Machinery & equipment along
with their prices and specifications, Requirements of raw materials, Requirements of Power &
Water, Manpower needs, Marketing Cost of the project, production, financial analyses and
economic viability of the project.
Contents of a Project Report
Following are the contents of a project report:
1. General Information
A project report must provide information about the details of the industry to which the project
belongs to. It must give information about the past experience, present status, problems and
future prospects of the industry. It must give information about the product to be manufactured
and the reasons for selecting the product if the proposed business is a manufacturing unit. It
must spell out the demand for the product in the local, national and the global market. It should
clearly identify the alternatives of business and should clarify the reasons for starting the
business.
2. Executive Summary
A project report must state the objectives of the business and the methods through which the
business can attain success. The overall picture of the business with regard to capital,
operations, methods of functioning and execution of the business must be stated in the project
report. It must mention the assumptions and the risks generally involved in the business.
The answer is A Project Report is a document which provides details on 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/activity.
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