Project Status Reporting Is A Large Array †Myassignmenthelp.com

Question: How Project Status Reporting Is a Large Array? Answer: Introducation Project status reporting is a large array of discussion in the contemporary corporate world. In this paper, I mainly focus on the weekly project status report and the report of overall project status. The weekly project status report gives an overview of the events that have taken place during the seven days of the week. The matters arising from the project are milestones achieved and recommendations. The advantage of using the weekly project reports is that it helps control the flow of information within a team and also helps the team or organization to identify problems that could hinder the success of the project at an earlier stage. (SampleTemplates, 2013). It also helps quantify the work done by the team or the organization within the whole week. Its disadvantages of using the weekly status report are that it is time-consuming. While the management can just make a single whole project report status, they have to make weekly updates rather than investing the time in other disciplines. The other one is that there might be repeating the same information on a weekly basis. Another one is that some of the staff do note put down some of the accomplishments and problems encountered within the week which makes it hard for sourcing. (TeamReporter, 2016) On the other hand, the report of overall project status is a timely and concise report that gives the details about of the whole project the company has done. It gives a glimpse at the milestones achieved, problems encountered and the goals that were set for the project. From the data provided by the project report, it is easy for the management or executive to decide whether to continue investing in the project or to give it up. It also gives the problems that were implied during the project which can be used to benchmark other footer projects the management of an organization may wish to invest into. However, there are some pitfalls in the use of report of overall project status. One of them is that the existence of a divide between the management and the staff may cause misreporting which may pin down the organization. The other one is that if there is a lack of trust between the workers and the executives can also cause misreporting.(Keil, 2014). For improvements to be made there needs to come up a team of experts who will choose one of the status reports and align it with the goals of the most project thus making it more effective and efficient rather than using all of them in the corporate world. The main challenge and pitfall of the traffic lights report are that there are usual mistakes in reporting due to mismanagement of information. Lack of keen understanding of the traffic light rules also may cause misreporting. (Chegg, 2015). There exists some difference between the status reports given to teams, sponsors and the steering committee. The project report prepared for the team is usually inclusive and accommodating.(Sample, 2008) On the other hand, the one for sponsors needs to be made to meet the expectation of the sponsors and is usually made according to the instructions of the sponsor.(SponseredProjectServise, 2008) The one for steering committee is usually subjective to help the committee come up with a well-planned project proposal. The reporting in Agile management approach always gives focus to consumer satisfaction and consumer well-being and is also not reliable to complex information while in traditional approach the report is always cantered on the meeting of timelines and relies on complex definitive information.(Layton, 2016) Conclusion There is a need for a more future study to make more expansive outlook on the topic since much has been left out because of summarization. References Chegg. (2015, July 14). Question: A)Discuss the challenges and pitfalls of traffic l... Retrieved May 5, 2017, from Chegg website: https://www.chegg.com/homework-help/questions-and-answers/discuss-challenges-pitfalls-traffic-light-reports-b-explain-difference-status-reports-prov-q16771229 Keil, M. (2014, March 18). The Pitfalls of Project Status Reporting. Retrieved May 5, 2017, from MITSloan: https://sloanreview.mit.edu/article/the-pitfalls-of-project-status-reporting/ Layton, M. C. (2016, September 21). Comparing Agile Project Management and the Traditional Waterfall Method. Retrieved May 5, 2017, from Dummies web site: https://www.dummies.com/careers/project-management/timed-release-product-road-maps/ Sample, J. (2008, April 18). Team report. Retrieved May 5, 2017, from cpp web site: https://www.cpp.com/Pdfs/smp261148.pdf SampleTemplates. (2013, June 23). 10 Sample Weekly Status Report Templates to Download. Retrieved May 5, 2017, from Sample, templates web site: https://www.sampletemplates.com/business-templates/weekly-status-report-template.html SponseredProjectServise. (2008, August 20). Reporting to the Sponsor. Retrieved May 5, 2017, from UOregon Web site: https://orsa.uoregon.edu/index.cfm?toplevcat=awardspage=AW_22_Reporting_to_Sponsor TeamReporter. (2016, April 24). Weekly Status Reports. Retrieved May 5, 2017, from Team Reporter web site: https://www.teamreporterapp.com/weekly-status-reports/