A status report template is a document which finally tells us about any situation for a particular time period either it is a cash status report or a project status report. A status report format will be written by different professionals. These reports improves communication with stakeholders as well as deliver your presentation is a great way. An effective status report will instantly convey the status of a report and keep your key stakeholders updated on progress. A status report will be checked as well as approved by managing people. Generally a status report template contain some basic information such as date, department name, project name, name of person handling the project, list of his team members, resources used on the project for a specified period of time, description of work completed, remaining work, quality of work done and signatures of stakeholders. Significance of Status Report A professional status report holds great importance, not only for management but also for employees and users. Before start of any new project or assignment, management would love to prepare a status report to remain informed regarding progress of newly launched project or assignment either on weekly or monthly basis. To get the right