Analyzing Project Status Reports and Stakeholder Communication

This assignment analyzes project status reports and their importance in effective project management. The student acknowledges the significance of status reports for communicating project progress, performance, risks, and issues to various stakeholders, including teams, sponsors, and steering committees. The student appreciates the detailed explanation of the different types of reports and the specific information each should contain, such as performance and risk reports. The response emphasizes the importance of tailored communication, understanding the distinct needs of each stakeholder group and the ability to provide accurate and timely updates. The student plans to incorporate the learned knowledge to effectively manage projects and provide weekly updates. The assignment references the importance of project management tools and how they can be used to communicate with different stakeholders.

Running head: PROJECT EXECUTION
Project Execution
Name of the Student:
Name of the University:
Author’s Note:

2PROJECT EXECUTION AND CONTROL
I have gone through the post and found it really interesting. I have been able to
understand about all the different kinds of reporting that are involved in the making of a project.
I want to thank you for adding such great detail in a precise way. I was always in a state of
confusion regarding the difference between a reporting made to the teams, sponsor, and
steering committee (Keil et al., 2014). As I want to establish myself as a project manager in the
near future this post will really help me a lot.
I have gained a good amount of knowledge regarding the different qualities to look for in
different projects. Your post has helped me to understand that a team report will contain detailed
information about the individual members and the task assigned. Reports for the sponsors and
steering committees will have vital financial data or information about long term milestones
(Nalewaik & Witt, 2009). In the future while taking the project updates I will look for all the
different parameters in the different projects without jumbling them up. I will make it a point to
make updates on a weekly basis so that I can provide apt solutions for different stakeholders in
the organization.

3PROJECT EXECUTION AND CONTROL
References
Keil, M., Smith, J., Iacovou, C. L. & Thompson, R. L. (2014). The Pitfalls of Project Status
Reporting. MIT Sloan Management Review. Retrieved from:
https://sloanreview.mit.edu/article/the-pitfalls-of-project-status-reporting/. [Accessed: 1st
May 2019]
Nalewaik, A. A. & Witt, J. (2009). Challenges Reporting Project Costs and Risks to Owner
Decisionmakers. AACE International Women in Project Controls. Retrieved from:
http://www.icoste.org/ICMJ%20Papers/Nalewaik1.pdf. [Accessed: 1st May 2019]. Pp 1-
9.