Project Status Reports can help project managers gauge completion of project goals, keep deadlines in check and ensure all stakeholders are aware of project information. They are helpful when many people are involved in the execution of a project, especially when those project contributors don't often interface with one another. The complexity of a project itself is also a factor in whether Project Status Reports can be beneficial. If a project is likely to involve various stages of implementation over the course of a longer period of time, Status Reports can make management much easier. In addition, if a project has a specific deadline upon which other projects depend, Project Status Reports can offer good accountability for meeting target dates. These questions can help Project Managers determine if Project Status Reports will be beneficial for an upcoming project:
- How many people will be contributing to this project?
- What is the time frame?
- Are other projects contingent on the completion of this one?
- Are the contributors in the same office/location/city?
- Can the project be divided into measurable steps?
- How many of the tasks can be delegated?
- Will key stakeholders and project contributors need individual teams to accomplish tasks?
For more information on writing effective Project Status Reports, see this Bright Hub article. Or, to see an example of Project Status Reports used effectively, read this article series on their use in software development projects.