Stoplight report template – As a project manager one of your tasks will be keeping upper management or your investors up to date on the progress of the project 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 this project and they need to be filed on time in order for any changes in the way things are being done to be made. Most managers are knowledgeable about the concept even if they have never filed this type 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 like if more employees are required to accelerate the project or that it is time to order the materials for the next phase so that everything continues to run on time. It may also be used to show where there are problems and what the possible answers to them might be. Your report has to be highly detailed, yet it must still be concise so that people that are studying can see at a glance where the project stands.
Your status report should include your current costs and project whether or not you are in budget, if there are any variances that is the opportunity to allow the investors know about them. The same applies to the project deadline, if you’re running behind schedule your document should show the reasons why such as lack of materials or maybe key employees being ill and not able to work. It should go on to project how the project is expected to progress throughout the next reporting period and provide enough information that upper management knows where their project is at and where it is likely to be in the future.
If you’ve never 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 each time. Simply writing your information onto a sheet of paper will not do as it makes it hard to comprehend the information efficiently. Different projects require their own formats and you may want to keep several templates available to be certain you are going to have one that matches the requirements of the project you are in charge of.