A detailed project report has innumerable benefits in order to drive a project towards the path of success. Hence it is vital to get a DPR prepared from an experienced person/firm that holds relevant experience and skillset to leave no stone unturned. It is also important that the person who is a part of the team for the project has relevant expertise in the field so as to take up the task of handling the project. Putting the DPR's preparation task into the hands of an inexperienced person can also cause you to lose a lot of money, so choose wisely.
Project formulation is an important decision from the view of the investment proposal.
The need for preparation of the project report is also to facilitate easy registration and approval of the project.
The enterprise gets financial assistance based on its project report. For availing financial assistance, the project report is required to be sent to various specific Financial Institutions, banks and investment corporations.
We know that the project report is a brief description, account, and mirror of the project to be started.
It presents solutions to various doubts and inquests relating to the project.
The project report is an appropriate basis for getting infrastructure facilities, incentives, and concessions in various taxes from Government and other Institutions.
The objective of the preparation of the project report is also to test the business profitability and soundness of the project.
The comparative review of estimated costs and possible income is possible by the project report.
years Below is the sequence of standard format which should be followed while preparing new business project report:
1. Background of the business
2. Customer's profile
3. Long and short term Corporate Objectives
o To perform a viability assessment of the proposed new business ideas in terms of marketability, technical feasibility, financing and authorities
o To be able to prepare a relevant business plan
o To recognize fundamental startup issues
4. Market Analysis
o Brief discussion on the type of market, chief influencers, players, etc
o Market description
o Reasons for starting business in a particular market
o Target clients
o Advantages of the services offered by the new business
o Market consumption patterns
o Past and existing supply location
o Production prospects and limitations
o Exports and Imports
o Price structure
o Flexibility of demand
o Client behavior, purposes, intentions, impetus, approaches, inclinations and needs
o Supply network and marketing rules formulated by the government
o Government and technical limitations imposed on the promotion of the product
5. Financial Assessment
o Investment expenditure and value of the entire project
o Methods of investment
o Anticipated productivity
o Money flows of the project report
o Investment value evaluated in context of different points of merit
o Estimated financial ranking
6. Marketing Assessment
o Product
o Price
o Place
o Promotion
7. Operational Plan
o Business models
o Production of goods and services
8. Financial Plan
9. Management Structure
10. Business structure (Ownership, staff, etc)
11. SWOT Analysis
o Significant Success aspects depending on Strengths, Weaknesses, Opportunities and Threats to be faced by the firm in future
12. Appendices
o Break-Even Assessment
o Profit and Loss Synopsis
o Fund Flow Summary
Tips for designing an effectual Project report for New Business
13. While designing a project report for new business it is vital to keep the following points in consideration:
14. Target Market:
15. While making a new business project report it is significant to keep in mind the target market. For instance, if you are preparing a report on debt financing, the focus should be on the assurance that the debt can be reimbursed by the company and not on the huge revenues that the firm has accrued.
16. Market approach:
17. The first approach towards preparing business report should be developing and assisting powerful business strategy. The report should describe the economic trends, clients and players. It should also explain on how to perform the chosen approach, the marketing of its products and functional competence.
18. Market Rivalry:
19. An industrialist should recognize at what point of time the firm will perform similar activities and when it will do things another way, in order to identify its strength and drawbacks. Concentrate on strategies which present you differently from your competitors, market products differently using various channels, etc.