The point of this project is to make sure you guys understand some of the job opportunities that are available in the VFX and Animation industries. This is important for you – but it's also necessary in order for you to meet the pass criteria for Unit 3 (see below).
So you'll have to do some research into that!
By presenting your research in the format of a short film report, it gives you a chance to learn some After Effects and Premiere techniques, and hopefully will make the learning process engaging and effective.
Units 1 and 2 (below) are covered in part by your formative projects, and in part by your theory work.