Each specific kind of report takes some time and effort for development, reading, analysis and follow-up. Obviously it would be much faster and cost-effectively for a company if standard types of project reports could be implemented in the reporting process. Several standard report formats would definitely simplify the process, while minimizing waste of time and effort and avoiding misunderstandings between managers and performers.
It is impossible to efficiently finalize a project without having developed a comprehensive and informative report. Using project report templates helps project managers to communicate necessary information on project development, implementation and completion to the key stakeholders who have an interest or concern in the project. The following Project Report Template is designed to help project managers with developing a complete structure for their reports. We tried to make the Template comprehensive and included descriptions of the key sections of a typical project report. Also we listed basic suggestions and tips on project reporting.
Conducting a feasibility study is one of the key activities within the project initiation phase. It aims to analyze and justify the project in terms of technical feasibility, business viability and cost-effectiveness. The study results serves as a way to prove the project’s reasonability and need for launch. Once the study is done, a feasibility study report (FSR) should be developed to summarize the activity and state if the particular project is realistic and practical. Let’s find out what FRS means, why it’s important and how to write it.