The most important thing while starting a project is having a complete and comprehensive view of the project through out. The owner is very interested to see all the activities and happenings going on along with a comparison to see the effects of his plans/decisions regarding the project. That is where Project Progress Report comes in handy. It has a detailed account of all activities going on in a project. From all the financial transaction to labor report, the expenses and the future predictions a Project Status Report helps a lot in every aspect of making the development of the project a success.
Project Progress Report not only helps to keep the record precise and handy but also give you an overview of all the matter going on finally enabling you to make better future planning and decisions.