Question

State any two objectives of project report.

Hint:

Project report = Roadmap for execution + Basis for financing.

Answer 1

Step 1: Meaning.
A project report is a detailed document that describes the objectives, feasibility, and plan of a proposed project.
Step 2: Objectives.
1. Guidance for execution: It serves as a roadmap for implementing the project step by step.
2. Assists in financing: It helps in convincing banks, investors, or financial institutions to provide funds by proving the project’s viability.
Step 3: Additional objectives.
- To evaluate profitability and risks.
- To provide information for monitoring and controlling progress.
Step 4: Conclusion.
Thus, project reports are essential tools for decision-making, planning, and obtaining financial support.