How do you prepare and present project status reports to a steering committee?
A project steering committee is a group of senior stakeholders who provide strategic guidance and oversight to a project. They are responsible for ensuring the project aligns with the organization's vision and goals, and delivers the expected value. As a project manager, you must communicate effectively with the steering committee and keep them informed of the project's progress, risks, and changes. One of the most important tools for this purpose is a project status report, which summarizes the key information about the project's performance. This article will discuss how to prepare and present effective project status reports to the steering committee, and what to include in them.
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Engage quickly:Capture the committee's attention fast by adhering to the 1-second, 5-seconds, 1-minute rule. Hook them in one second, provide value to keep them for five, and they'll stay engaged for a full minute.
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Performance and forecasts:Clearly present past performance metrics like Schedule Performance Index (SPI) and Cost Performance Index (CPI), as well as updated forecasts. This shows you’re on top of the project’s trajectory and can pre-emptively address concerns.