Final project should be performed as follows:
1) Choose a topic and what you want to do (classification, CV, NLP, topic modelling, etc.)
2) Find or collect/parse a dataset
3) Perform full cycle of model development:
EDA
Preprocessing, feature engineering
Model tuning
Meta-optimization, tuning
Validation, interpretation
4) Write a report on your work and findings (concise, but full, no need to bloat it)
5) Defense