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Running Head: PERFORMANCE REPORT
This is a report specially prepared to highlight a few critical issues to the project
stakeholders such as Project Sponsor, Head of Technology and Head of Finance. To date, the
project can be deemed successful. The project team members have maintained their focus on
assigned tasks hence the reason behind meeting major milestones and activities of the project. As
the entire project team conduct testing, having completed planning, product design, and
prototype development. In all the already accomplished stages, the project team has had an
accumulative schedule variance of $3500 together with a cost variance totaling to $500.
Schedule performance slightly shows that the project is yet to catch up with its schedule. The
shortfall in the schedule is within the allowable limits hence the team expects to bounce back on
schedule as soon as before testing stage is over.
Performance Report of the Project
Project Cost and Schedule Performance Report
Current Status of Risks and Issues
Universally, missing out on set deadlines usually a present an unprecedented risk to
project progress. There are many reasons that trigger situations of delays (Beck & Kovacs,
2018). Common among them are significant decisions being undertaken in the absence of
stakeholders or rather without their significant inputs, the inadequacy of resources when
particular tasks specific t...