UBS

Status Report

A project status report is a document that describes the progress of a project within a certain period of time and compares it with the project plan. Project managers use status reports to keep stakeholders informed of progress and to monitor costs, risks, time and work. The reports enable project managers and stakeholders to visualize project data through diagrams and graphics.

Project status reports are created repeatedly during each phase of project execution to keep you on schedule and keep everyone on the same page. The project generally consists of:

  • The work completed
  • The plan for the next steps
  • The budget overview and project plan
  • A list of action points
  • All problems and risks and what is to be done about them

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