What is the purpose of project performance report?

Performance reporting is the process of collecting performance information, putting it into the distribution format, and distributing it. Performance reporting, for brevity, is also called reporting and is focused on the following components:

• Project status - The current state of the project.

• Project progress - The progress made with some previous state as a reference.

• Forecast - The prediction of the progress in the future based on the progress in the past.