What is Project Status Charter ?
A project status Report is a documental tool or a statement in which we discuss employee performance, project schedule & risks arises in project. Project resources, budget, timeline also discuss briefly in report summary. Download more templates related to Project Charter Template in Excel/Word
Report we made clearly describes all issue take place in project and it helps stakeholders and member to talk clearly about progress and key activities.
What are main Key components Of Status Project?
A project status charter report is extremely important in project development.
usually there are 3 main components of status project are
- Project Sponsor
- Project Manager
- Project deliverables
so, this describes status project having three main components 1.project sponsor who play important role. Who is responsible for the success of the project and approving projects with strategic planning.2.Project Manager also plays important role in status project who manage the entire project, milestone and risks/issues.
3.Project Deliverables is final document or an outcome.it will represents the result of entire project either all tasks list scheduling are completed and goals are achieved .
Spotlight Project Status Report sample:
This Status Charter Template is an overview of spotlight project. Traffic light status like (Green=On Track, Yellow=at risk, Red=Off TARCK/High Risk).Project share point stated spotlight project in 12/12/2022 and project Manager is john Ly.
This project status charter templates has a customized and editable layout.so you may changed project Name as your requirements, your Project Owner name then Date of Entry and Project ended Date.
What’s the Difference Between Project Status Charter vs Project Plan?
Charter Project is a high profile document which provides an overview of the entire project.it contains project purpose milestones, risks, objectives, team goals, strategies applied and budget summary.
While project plan is working plan which determine the detail of roadmap, when plan is executing, who is monitoring and all the resources include in this structure. The concept of work breakdown structure is used in project scope and charter projects in deliverables.
What to include in Project Status Report?
- Project description provides the project objectives, key milestones, outline overview and purpose of the project.
- project milestones, it is specific tool used to helps the project to end at the time and define the scope.
- Risks/Issues Which is important section in any project which is the reason of failure or success of the project. Issues may be in the form of least communication, Low budget, excessive leave of project members or external factors.
- project Budget Which is generated by owner or financial department of the Project. It will be cost provided to complete the project and all the success of any project depend on it.
Status Template Key activities and schedule planning:
This information provides an overview of project Status Charter Template hurdles and best example of all objectives happen during monitoring it. In a schedule format almost 40% working is completed. During Testing process we ensure that we are achieving our goal or not by removing all hurdles then execution process will be start. Use this link What is a status report? for more about project status charter template in word.
Total 5,00,000 amount provided and Remaining amount 25,00,000 after specifying what is included or what is excluded, Literally it is a good sign of successful charter project. After Removing Risk and Issues we achieve our goal and deliver the final report to project Manager.
Budget Plan In Status Charter Project:
Before Starting a project measurements first organize it’s Budget Module, most essential part of Project Status Charter Template. When we identify all Risks and milestones in a project and summarize it, we have to create a thick budget plan based on resources to achieve Deliverables and execute the plans. Development is the Initial Process in the project, as shown in budget Schedule.
FAQ:
Q:What should i fill out the Project status Charter?
A:If you have clear concepts of objectives then you may ask yourself, how many people involve the charter? if you have answer then completing the charter before its begins.
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