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NPV is the total present value of cash flows (outflows/costs and inflows/revenues) from a particular project over a period of time. it is indicates that how much value an investment or project is able to add to the firm.
IRR is the rate of return at which NPV of all the cash flows from the project is zero. That is it indicates the efficiency of a project.

1 )NPV is used to choose the best project among the mutually exclusive projects
While IRR cannot be used to do so and used to decide the efficiency of a single project.

2) The IRR Method cannot be used to evaluate projects where there are changing cash flows.
3 )The IRR does not care about the reinvestment of the inflows from the project.
4) The IRR considers the rate of earnings and not the size of earnings from a project.

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