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![]() This gives you historical data, so the next time you are planning a similar project, you can avoid any missteps or bottlenecks.īecause project status reports cover so many topics, historically, they were time-consuming to create. It also provides a documented history of the project. The true value of a project status report lies beyond its use as a communication channel. ![]() – Any issues and risks, and what’s being done about them – The summary of the project budget and schedule ![]() The status report for a project will generally include the following: Project status reports are taken repeatedly, throughout every phase of the project’s execution, as a means to maintain your schedule and keep everyone on the same page. Project status reports allow project managers and stakeholders to visualize project data through charts and graphs. Project managers use status reports to keep stakeholders informed of progress and monitor costs, risks, time and work. ![]() A project status report is a document that describes the progress of a project within a specific time period and compares it against the project plan. ![]()
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