Focus | It mainly focuses on action and particulars i.e. detail about proposed project. | It mainly focuses on defining outline of what project is going to be about. |
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Format | It does not have a specific format. | It does have a specific format. |
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Factors | Factors affecting project report include time complexity, improper communication, weak project closure, improper risk management, etc. | Factors affecting project proposal includes competition, teamwork, project capabilities, culture, size, etc. |
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Benefits | Its benefits include track current progress of project, track issues, budget, schedule, identify risk and take corrective action, etc. | Its benefits include convince stakeholders to execute project, cost estimation, give information regarding resources required, act as project blueprint, etc. |
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Objective | Its main objective is to indicate that project is being completed and produced to fulfill planned purpose. | Its main objectives is to highlight how project is going to begin i.e. commenced so that project can be initiated or executed. |
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Content | It includes project description, general information, marketing plan, capital structure and operating cost, etc. | It includes introduction, start and end date, objective and goal, requirements, description, etc. |
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Submission | It is generally submitted to bankers or supervisors. | It is generally submitted to supervisors, stakeholders or sponsors. |
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Complexity | It is more difficult to understand and handle than Project Proposal. | It is less difficult to understand and handle than Project Report. |
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Types | Type of project report includes baseline reports, status report, risk assessment, team availability report, etc. | Types of project proposal include formally solicited, informally solicited, renewal, supplemental, etc. |
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