| It mainly focuses on determining whether project is viable or not. | It mainly focuses on determining feasibility of project i.e. possible to do easily and conveniently or not. |
| It does not have a specific format. | It have a specific format. |
| Factors affecting project report include time complexity, improper communication, lack of understanding, cost related issues, etc. | Factors affecting feasibility report includes scope of project, volume vs quality, complexity and scale, constraints such as funding, etc. |
| Its benefits include identifying risks, cost management, control of project, increase project success manage budget effectively, improve communication, increase team performance, etc. | Its benefits include improve team focus, identify new opportunities, provide important information regarding feasibility, etc. |
| Its main objective is to provide status of scope, time, and budget of project and manage expectations of stakeholders | Its main objectives is to help decision makers to choose among options that are available. |
| It includes manufacturing process, project description, marketing plan, capture structure and operating cost, etc. | It include information such executive summary, marketing strategy, organizational structure, description of project, etc. |
| It is generally submitted to bankers. | It is generally submitted to company that requested to solve a particular problem. |
| It is more difficult to understand and handle than feasibility report. | It is less difficult to understand and handle than project report. |