The easier the project team can implement the change and remain schedule
Performance Report
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Project Performance Report
Reporting project performance is a key function of successful project management. The project team and stakeholders must be kept well-informed on project status at regular intervals throughout the project as well as when any changes are made to the project. There are many project characteristics which can be included in the Project Performance Report. Some of these include analysis of project performance to date, risk and issue status, work completed during current reporting period/next reporting period, significant accomplishments, forecasts, variance analysis, and project changes. While there’s no standard format, the project manager should meet with the project sponsor and key stakeholders in order to agree to a format and what will be included in the performance report. They should also agree on how often the report will be distributed. These agreements should be documented in the Project Communications Plan.
Work to be performed in the next reporting period includes full scale material, performance, and field testing of the Z Tool. The prototype will be subjected to standard organizational testing methods and the approved performance standards will be applied. While engineering resources will be released back to their functional organizations, it may be necessary to seek further engineering support if issues are identified during testing. This possibility has been documented in the Resource Management Plan.
There was one project change identified and implemented during the last reporting period. This change called for changing the Z Tool handle’s material from steel to rubber in order to improve the tool’s ergonomics. This change was approved, implemented, and all product design and project documentation has been updated and distributed to all stakeholders.
You may also be interested in our Cost Management Plan Template at:
www.projectmanagementdocs.com/templates/cost-management-plan.html