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Business Project Report

Business Project Report

It is very important to create a project report before starting an investment and working on a project. It gives clarity on objectives, scope of the project, challenges of the project, resources required, project feasibility, investment details, market potential and the expected profit. 


Lets take an example of preparing business report for the manufacturing company considering any product manufacturing company. 

 

Introduction: 

Start writing a project report with the introduction of the project, which will describe the basic information and the details at introductive level. If any third person reads the introduction, he should easily understand the project.


Objectives and Scope:

What you are  aiming for from this project is the objective and the opportunity you are seeing in this project are the scope. 

Challenges in Project:

We should think on various parameters for the consideration of challenges like, achieving high quality, resources availability, retention of skilled employees, increasing customers globally etc. 

Above all parameters, should be checked/studied one by one and set the solution points for the same. So that solutions will become easy to overcome on challenges.

Resources Required: 

Land/ Area:

It will be great if proposed plant layout is included and area mentioned secctionwise.

Raw material: 

Detailing of raw material is necessary to mention. Mention on the basis of quantity, quality, availability, cost, location and transportation required.

Machines: 

Details of types of machines, cost, life, warrenty, AMC(Annual Maintenance Contract), accessories etc to be included.

Software: 

All types of related and mandatory software to be included with price, validity, AMC etc details.

Labours:

Category wise labours should defined like, skilled, semi skilled, unskilled or technical, non technical for each department.

Funds or Capital:

Give the detailed outline of funds and investments, expected returns.

Project Feasibility: 

Workout all parameters for studying project feasibility and explain in detail.

Investment Details: 

How the investment is planned on each and every resource required is to be explained. It is necessary to consider indirect investment also.

Market Potential:

Explain the opportunity to sell our products in the targeted market. Do we have potential for the business will be clarified at this stage.

Expected Profit:

Expected Profit should be above 35% based on thumb rule, but sometimes we should consider 25% profit at the start. Prepare account sheet for investment, processing cost, return on investment for next five years. This will give us financial judgement and clarity.



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