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A project report is a document that details the proposed plan/activity of a business in order to ascertain its chances. A project report is a written document that contains information about a particular investment. It comprises the information used to analyze and determine the feasibility of a project. It contains data on economic, technological, financial, managerial, and manufacturing issues. It enables the entrepreneur to understand his or her inputs and assists him or her in obtaining loans from banks or financial institutions. The preparation of project reports is critical because they contain vital information that enables businesses to make more informed decisions. It functions similarly to a documented work plan. It encompasses the project's objective. Additionally, it contains the project's entire documented budget.