What is Project Report? Explanation & Importance

Once the data collection for a research problem has been completed, the researcher has to interpret the data and draw specific conclusions from it. The results of which must be efficiently communicated to the management.

Analysis and interpretation, is not the only work of a researcher, he also has to put down his findings which is done through a research report. Research report is simply a document which describes the research project that includes its findings and analysis of the findings, interpretations, conclusions, and recommendations.

The nature of the audience plays an important role in preparing any research report. The idea is to communicate information. Hence, the report should be prepared in a way which is exclusively for the readers of the report. At times, the format of the report will be explained to the researcher (for example, a dissertation), while other times, the researcher will have complete authority regarding the structure of the report.

A project report can be of any kind, a school project, business project or a research project. Generally, project reports are written for business initiatives to record the beginning, middle, and the end of specific project events. A project report can be written on any topic, in fields such as science, marketing, education or engineering.

A project is an action oriented study with the purpose of detecting the managerial problem and efforts to solve it in a business organisation. For successful completion of a management study programme, the project work is an important requirement and an integral part of the curriculum. It aims at developing insight and capabilities for an in-depth study, research, interpretation, and analysis on a particular topic chosen. A project is a scientific and a systematic study of a problem that exists in an organisation, with the aim to resolve it with the application of management concepts and skills.

For any discipline of management like finance, marketing, production, personnel, etc. a project work can be undertaken. It gives a researcher an opportunity to understand the corporate world by helping him understand, diagnose, and identify managerial problems.

Project works gives a feedback on the policies and plans of the organisation which further helps in decision making.

Importance of Project Report

The project work is a very important aspect in management as it gives a complete overview and is required for a successful research. The advantages and importance of undertaking a project work may be summarised as follows:

Practical exposure: It gives exposure to the practical aspects of the business world. A project work helps the researcher to know the environment in which he is expected to work.

Skill development: A project work gives an opportunity to the researcher to enhance his analytical, communication, research, and decision making skills while working in the actual business environment.

Training in problem solving: By doing an extensive research of all the stages of the project work, a researcher gets real life exposure to the different problems that arouse in business and in the corporate world.

Understanding the theoretical concepts: A researcher learns to apply concepts in a real manner and also gets a chance to explore the different management concepts.

Interaction: Project work provides an opportunity to the researcher, for interaction with the environment so that the association between the industry and the people involved may be successfully established.

Industry placements: Cautiously and successfully completed research projects places the researcher in the industry and also gives him the confidence to face the selections for the final placements. It also helps him choose the type of environment that would be suitable and satisfying for his professional aspirations and progress.

Characteristic of  Good Project Report