Free Business Project Status Report Template
Business Project Status Report
I. Project Overview
Project Name: Alpha Expansion
Project Manager: [Your Name]
Date: May 25, 2050
Report Period: May 1, 2050 - May 25, 2050
II. Executive Summary
Objective:
The objective of this project is to expand our market presence in the APAC region.
Current Status:
The project is currently on track.
Key Achievements:
-
Milestone 1: Market research completed on May 5, 2050
-
Milestone 2: Regional partnerships established on May 15, 2050
-
Milestone 3: Marketing campaign scheduled for June 1, 2050
III. Project Metrics
A. Schedule
|
Task |
Start Date |
End Date |
Status |
|---|---|---|---|
|
Market Research |
May 1, 2050 |
May 5, 2050 |
Completed |
|
Partnership Agreements |
May 6, 2050 |
May 15, 2050 |
Completed |
|
Marketing Campaign |
May 16, 2050 |
June 1, 2050 |
In Progress |
B. Budget
|
Budget Item |
Allocated |
Spent |
Remaining |
|---|---|---|---|
|
Market Research |
$50,000 |
$48,000 |
$2,000 |
|
Partnership Agreements |
$100,000 |
$90,000 |
$10,000 |
|
Marketing Campaign |
$200,000 |
$0 |
$200,000 |
C. Resources
|
Resource |
Allocation |
Utilization |
Availability |
|---|---|---|---|
|
Market Research Team |
100 hours |
90 hours |
10 hours |
|
Partnership Managers |
200 hours |
180 hours |
20 hours |
|
Marketing Team |
300 hours |
50 hours |
250 hours |
IV. Risk Management
A. Key Risks
|
Risk |
Impact |
Probability |
Mitigation |
|---|---|---|---|
|
Delayed Campaign Launch |
High |
Medium |
Regular progress reviews |
|
Budget Overruns |
Medium |
Low |
Strict budget monitoring |
|
Resource Shortage |
High |
Low |
Additional hiring |
B. Issues and Resolutions
|
Issue |
Status |
Resolution |
|---|---|---|
|
Delay in Market Research |
Resolved |
Extended deadline by 2 days |
|
Budget Discrepancy |
Ongoing |
Investigating additional costs |
|
Team Communication |
Resolved |
Implemented weekly meetings |
V. Upcoming Milestones
-
Milestone 1: Complete marketing campaign materials by June 1, 2050
-
Milestone 2: Launch marketing campaign by June 10, 2050
-
Milestone 3: Initial performance review by June 30, 2050
VI. Additional Notes
Comments:
Please note that the project is progressing as planned, and all major risks are being managed effectively.
Attachments:
-
Attachment 1: Detailed budget report
-
Attachment 2: Market research findings
