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 improve communication with stakeholders and deliver your presentation greatly. An effective status report will instantly convey the status of a report and keep your key stakeholders updated on progress. This report will be checked as well as approved by managing people. Generally, a status report template includes some basic information such as date, department name, project name, name of person handling the project, list of his/her 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 the start of any new project or assignment, management would love to prepare a status report to remain informed regarding progress of a newly launched project or assignment either on a weekly or monthly basis. To get the right status report, the