Understanding Progress Reports in Project Management
Discover the importance of progress reports in project management, including examples of different types of reports like memorandums, letters, and formal reports. Learn how progress reports help update advisers, funding agencies, and VCs on project status and potential challenges, ultimately improving project efficiency.
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Presentation Transcript
WHAT IS A PROGRESS REPORT Progress report is a oral or written update of your project Examples of progress reports: Student submitting an update on work done to the project adviser Principal Investigator (PI) submitting update to NSF/NIH Startup company CEO submitting update to VC Importance of good progress report Updates your adviser or funding agency/VC on completed work Updates your adviser or funding agency/VC on any potential problems Request for additional funding or hardware/software resources Improves overall smooth functioning of project
TYPES OF PROGRESS REPORTS Memorandum or Memo short report that is used within an organization such a company, university Example, a short report of latest results to your manager or professor Letter or email short report that is used within or outside an organization Example, a short update of a project timeline delay from PI to funding agency Formal report longer report that is shared outside an organization Example, a yearly progress report from PI to funding agency
