Product status reports can be distributed via email, a work management tool, a continuous Google Doc - anything that’s easy to create and share. How are product status reports distributed? It’s also a good idea to ask recipients if they require updates more or less frequently and adjust your reporting schedule accordingly. Whatever cadence you land on, you should issue product status reports frequently enough to keep stakeholders informed and up to date on the project’s progress, but not so frequently that it becomes a burden to create and review. Some teams may send reports weekly, while others may send them out on a bi-weekly or monthly basis. The frequency with which a product status report is issued depends on the specific timeline and organization of a project. How frequently should you issue a status report? What is a product status report?Ī product status report is a document that provides an overview of how a product development project is progressing, as well as any issues or concerns that may impact the project’s delivery or success.Ī status report is typically created and distributed by the product or project manager to stakeholders, such as upper management, investors, and team members. If you’d like to follow along and create your own status report as you read, use our free product status report template. We’ll also go over the components of a product status report, best practices, and practical examples to help you get started. In this guide, you’ll learn what a product status report is and how to create compelling reports that effectively communicate where your development projects stand. Distributing product status reports is a great way to keep team members and stakeholders informed about the product’s progress and enable senior stakeholders to make data-driven decisions. Communication is essential for successful project outcomes.
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