10+ Free Project Status Report Template

For the higher ups and stakeholder report project become a seeing glass that they use to ‘see’ the project. This is that they don’t have direct intervention with the project, even if their voices could decide on the fate of the project. For that reason, you should make for the project status report template beforehand to make sure that you wouldn’t forget with the reporting task.

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Why You Need Project Status Report Template

Arguably, the project status report template could be the most important part at a project. The reason is that it would decide on whether the project is rewarding or not. Because there’s no one who willing to do an adverse project, and most people believe you should get at least one reward if you did something. For that reason, here below are the reasons why you need the project status report template word:

1. Tracking

Don’t get wrong, you don’t only do the project status report once the project ended. But you do the report periodically in the length of the project timeline. Thus, in each report you could track on where the state of the project at the time. Also, you should include on what tasks finished, if there’s any issue happen with the project schedule, the risks that threaten, how the schedule going, the budget, and every detail that happened with the project.

2. Risk Identity

Just like mentioned above, you should identify the threat that lurking at corner. If you let your guard down, you couldn’t do anything if the risk strikes and causes problem to the project. For that reason, you should always prepare for the worst scenario. Although in planner point of view preparing a plan B means you foresee the failure of plan A, you should still stay alert.

3. Cost Management

Budget is the most important source of a project, because without it your project could cease to vanish. Not to mention, managing budget could become tricky and at some point you could lose track. For that reason, by the report project you could get a little help in keep a close eye with the cost management. Thus, you could minimize or even avoid over budget.

4. Control and Transparency

Another thing you could gain with the report project is you keep in control with the project. Because with the regular reporting, you could make sure everything run in order. At the same time it provides transparency for all the involved parties. Thus, even if you hold the rein of the project, but people wouldn’t question you on each decision you make.

5. A Learning

By having the project status report, might help you in the future. This is that the information you give in the project status report document might become the key for further action regarding the project’s fate. Also, it could help in giving lesson for another project altogether. For example, you could avoid the same mistake in the future project.

6. Motivation

The project status report could give you motivation to make the project successful. Because of the project status report nature to report what happened in the field at the length of the project period. Thus, you could maintain the good sides and try to improve the best side. That way, you could get the best result for the project.

Project Status Report Template You Wouldn’t Like to Miss

After you understand the urgency of the project status report, you surely would like to make one for your project. For that reason, don’t get distressed because we have the project status report template excel you could use. That way, you only need to fill in the blank with what happened with your project and there’s no need to create everything from the scratch.