Status Report
Type notes and comments here
Type notes and comments here
Headlines (Enter any tasks requiring upper management assistance.)
Key Issues & Resolution Plan (Enter any issues/problems)
Key Risks & Mitigation Plan (Enter any risks and short mitigation plan-use the 5 alternatives discussed in class.)
Type notes and comments here
Success Metrics:
ROI/Business Case
Etc.
Etc.
Accomplishments (Key milestones/deliverables)
Financial Metrics:
Budget (PRC) :
Forecast:
Actual
(Insert Project Name) (Month 2010) Project Manager: [John Doinger] Lead: [Jane Johnson] Sponsor: [John Jonesame]
Project Description/Scope: [insert description] This is a test example of a project status report to provide as an example for team members to use in their monthly updates.
G
Y
R
Overall
Indicators
Any
Status Guidance:
Assessment Factors:
Indicator
Overall Status
Timeline/Milestones
Financial/Budget
Issue/Risk Mgmt
To-Date
Forecast
G
G
G
G
G
G
G
G
Project Timeline (completion dates)
Gate 1:
Scope Review/
Resources Assigned
August 2010
Gate 2:
Plan/Funding
Approval
Sept 30, 2010
Gate 3:
Pilot/Test
Approval
Apr. 30, 2011
Gate 4:
Implementation
Approval
July 2011
Gate 5:
Verification
Dec. 2011
Plan
Initiate
Design/Dev
Pilot/Test
Implement
Gate 0:
Project Approval
July 2010
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Red-Yellow-Green Rating Descriptions and Criteria
| Red | Yellow | Green | ||
| Description | Unable to meet cost, schedule or quality | If corrective actions are successful, then cost, schedule and quality can be met | Able to meet cost, schedule and quality | |
| Overall Status | Summary of current and forecasted project status across key dimensions | Any component is Red; 3 or more are Yellow | None Red; 2 or 3 are Yellow; rest Green | None Red; no more than 1 Yellow; rest Green |
| Timeline / Milestones | Performance against timeline | 10% or more slippage to project duration | 0-10% slippage to project duration | No slippage to project duration |
| Financial & Budget Management | Financial- performance against project financial targets and breakeven; Budget- % spent and contractually committed vs. plan, compare to work completed vs. plan | Financial- >= 5% worse than target or < breakeven; Budget- >= 5% above plan (actual + contractually committed) or $100k | Financial- < 5% worse than target and > breakeven; Budget- < 5% above plan (actual + contractually committed) or $100k | Financial- project performance on track; Budget- on plan (actual + contractually committed) |
| Risk Management | Indicator of degree of risk to successful project execution | More than 2 open, high priority (RED) risk | 1-2 open, high priority (RED) risk | No open high priority, critical (RED) risks |
| Issue Management | Indicator of progress on critical, high priority issues and action items. Focus on issues that impact delivery date, cost, project quality or benefits and/or require elevation to resolve. | 3 or more Open issues and Priority = High or Urgent | 1 or 2 Open issues and Priority = High or Urgent | No OPEN issues |
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