Status reporting is a very important task for the project manager. Effectively communicating status to your project team and your stakeholders will keep everyone apprised of the health of the project including key risks and issues. It sounds straight forward, however, not everyone communicates effectively. Here are a few tips:
Who are you communicating to and what is the right level of detail? Different groups of stakeholders are interested in different levels of details. For example, the project team will expect the most details including the current project schedule, risks, issues and key next steps you want to highlight. However, when reporting status to senior or executive management they are expecting an “Executive Summary” of your status which would only include a brief status, if the project is on track or delayed, key milestones ahead and only your highest issues and risks.
Providing a color status as part of your report provides a quick and effective status of the health of your project: Red, Yellow and Green.
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