Status Review

A status review (or PMO status report) provides an overview of the status, progress, and performance of all projects managed by an organisation. It is typically prepared by project managers or the Project Management Office (PMO) and serves as a communication tool for stakeholders, including senior management, owners, and other relevant parties. pmo365‘s Status Review provides a regular real-time PMO status report on project progress, performance, KPIs, risk and issue management, resource allocation, and an assessment of overall project or portfolio health. It is a comprehensive view of the project portfolio which communicates information on project progress, updates, issues, and achievements, and assists decision-making by the organisation’s executive.

Without a reliable overview of projects and portfolios’ performance, organisations suffer from poor visibility, inefficient resource allocation, increased exposure to risk, stakeholder dissatisfaction, and limitations on their strategic decision-making. A robust PMO status report helps address these challenges and improves the management of every project. pmo365‘s Status Review offers:

1. Data-driven Decision-Making: With accurate and up-to-date project information, decision-making is informed by the latest and most accurate data. This promotes effective resource allocation, project prioritisation, and the timely management of issues and risk.
2. Improved Resource Management: Status reporting helps track resource utilisation and identify potential weaknesses in project delivery. By eliminating delays or the overutilisation of resources, project managers optimise performance.
3. Less Exposure to Risk: A coherent and centralised status reporting framework means identified issues and risks can be closely monitored. This reduces the vulnerability of projects to delays and potential failures.
4. Greater Stakeholder Satisfaction: Clear and transparent communication through a status review report helps stakeholders feel informed and directly involved in project progress, helping to build greater trust and cooperation.
5. Better Portfolio Management: Status Review’s holistic view of the project portfolio helps align projects with strategic objectives, balancing resource allocation across the enterprise and optimising its portfolios.

Status Review provides centralised information, real-time updates, and transparency across all your projects and portfolios. This kind of visibility is vital for efficient communication, stakeholder collaboration, and accountability. Our workflow provides up-to-the-minute progress reporting and streamlines the review process for improved resource efficiency and the timely management of issues and risk, leading to more successful project delivery and better performance overall.

pmo365 is a fully modular system. Each App, Flow, Report or Connector easily plugs into place to build the exact real-time project portfolio management system you require. Our solution centralises project-related information and tools, and provides improved visibility across all project portfolios with the Status Review workflow. pmo365’s modular and highly customisable features means that its ability to evolve and change with your needs is built into the system – not as an afterthought. We provide tailored solutions to manage a wide range of project methodologies using the latest, best-practice collaborative tools, instantaneous data updates, and integrations of all the platforms and applications you currently use.