Internal audit follow up report template – As a project manager one of your tasks will be maintaining upper management or your investors up to date on the progress of the job you’re working on. The most common way of doing this would be to use a status report template to supply them with a clear picture of where the job is in a timely fashion. The frequency of these reports is usually decided at the outset of the project and they need to be filed in time in order for any changes in the way things are being done to be made. Most managers are familiar with the concept even if they’ve never filed this sort of report before.
The normal status report is used to inform upper management of the progress made during the reporting period. This information can help them to make decisions such as if more employees are required to speed up the project or that it’s time to order the stuff for the next phase so that everything continues to run on time. It can also be used to show where there are problems and what the possible solutions to them may be. Your report has to be highly detailed, yet it should still be concise so that people who are reading can see at a glance where the project stands.
Your status report must include your present costs and project whether you are in budget, if there are any variances that is the opportunity to allow the investors know about these. The same applies to the project deadline, if you’re running behind schedule your document needs to show the reasons why for example lack of materials or maybe key employees being ill and unable to work. It should go to project how the project is expected to progress during the next reporting period and provide enough information that upper management understands where their job is at and where it is likely to be in the future.
If you’ve not ever had to fill out this sort of report you can search online for a status report template. Most companies require that you file your accounts in a particular format every time. Simply writing your information on a sheet of paper won’t do as it makes it hard to comprehend the information efficiently. Various projects require their own formats and you may choose to keep several templates on hand to be certain you are going to have one that matches the demands of the project you are in charge of.