Project Management Progress Report

Running head: PROJECT MANAGEMENT
Project management
Name of the Student
Name of the University
Author’s Note

1
PROJECT MANAGEMENT
1. Daily log of activities as part of the project
Status Report 09-05-2019
Project Name First National Bank
Report Prepared By <Please Fill>
Academic Supervisor <Please fill>
Industry Supervisor (If Any) N/A
Attachments N/A
MILESTONE OVERVIEW:
ID Milestones (minimum three) Status
Baseline
Completio
n Date
Expected
Completio
n Date
Change
? (Yes,
No,
New)
E1 Completion of initiation phase
Complete
d
26-03-19 26-03-19 No
E2
Completion of planning phase Complete
d
15-04-19 15-04-19
No
E3
Completion of execution phase In
progress
22-05-19 22-05-19
No
E4
Completion of closure phase Not
completed
03-06-29 03-06-29
No
PROJECT STATUS SUMMARY:

2
PROJECT MANAGEMENT
Narrative Summary of Status Schedule: GREEN Budget: YELLOW Issues: RED
The status of the project that is undertaken for the First National Bank generally reflects that the project is on
track and it will be completed successfully within the expected budget and time. As per the present report, it is
reflecting that the project will be completed in 60 days by utilizing budget of around $$70,000. Presently, the
only issue that the project is facing is managing the budget of the project for avoiding any type of financial
issues and challenges.
PROJECT MILESTONE STATUS REVIEW:
Project
Plan ID
Project Milestones Status
Baseline
Completio
n Date
Expected
Completio
n Date
Issues
Exist
(Yes/No)
E1 Completion of initiation phase
Complete
d
26-03-19 26-03-19 No
E2
Completion of planning phase Complete
d
15-04-19 15-04-19
No
E3
Completion of execution phase In
progress
22-05-19 22-05-19
No
E4
Completion of closure phase Not
complete
d
03-06-29 03-06-29
No

3
PROJECT MANAGEMENT
PLANNED ACCOMPLISHMENTS SUMMARY:
Planned accomplishments for the coming two weeks:
The planned accomplishments for the coming two weeks are generally listed below:
 Use of portfolio management principles
 Stakeholder management
 Proper estimation of project budget
 Post project review
PROJECT ISSUES SUMMARY:
I
D
Priorit
y
Issue Description
Impact Summary
(Milestone, Schedule
Scope, Resources,
Space...)
Action Steps
1 3 Miscommunication between the
team members creates confusion
about the project objectives.
Miscommunication can
cause delay in the
project and thus create
impact on schedule.
The communication gap
between the team members
must be removed.
2 1 Schedule slippage occurs in the
initial phase of the project
which generally creates lot of
problem in keeping the project
on track.
Schedule slippage can
cause delay in the
project and thus create
impact on schedule.
The problems of schedule
slippage must be avoided by
keeping track on the schedule.
3 2 Improper analysis is done in the Improper analysis Proper analysis must be