Importance of Performance Reporting

SPM -->>

Implementation of Performance Reporting? Different ways of it?

Performance Reporting:-
Focuses on the collection and dissemination of project information to the various project stakeholders. This should include status reports, progress reports and forecast reports.

Different ways of Performance Reporting:- (RSPF)
1. Reviews
2. Status Reporting
3. Progress Reporting
4. Forecast Reporting

1. Reviews:-

• may be formal or informal meetings
• focus on specific deliverables, milestones or phases.
• shows that work completed according to certain standards or agreed upon requirements

2. Status Reporting:-

• Describes present state of project.
• compares the project's actual progress to the baseline plan.
• Includes a variance analysis that compares actual schedule and cost information to the baseline schedule and budget.

3. Progress Reporting:-

• tells what the project team has accomplished
• compares the activities or tasks that were completed to the activities or tasks outlined in original project network.

4. Forecast Reporting:-
focuses on predicting the future status or progress of project.