Question

State any two objectives of project report.

Hint:

A project report is essential for feasibility evaluation and securing funding.

Answer 1

Step 1: Understanding Project Report.
A project report is a detailed document that describes a business idea, its feasibility, financial requirements, and operational strategies.
Step 2: Objectives.
1. To assess feasibility: It helps in determining whether a proposed project is technically and financially viable.
2. To obtain financial assistance: Lenders and investors use project reports to evaluate the potential return and associated risks.
Step 3: Conclusion.
Therefore, a project report serves as a blueprint for business execution and decision-making.