Question: P2: Activity 4: Reports ACTIVITY DESCRIPTION: Q1. Keeping stakeholders informed timely on the key aspects of the business is a vital part of a smooth

P2: Activity 4: Reports

ACTIVITY DESCRIPTION:

Q1. Keeping stakeholders informed timely on the key aspects of the business is a vital part of a smooth operation.

Please identify at least two (2) stakeholders of a business and explain what information those stakeholders would be interested in and provide a possible timeframe on how often those reports should be prepared.

Q2. In your own words, explain what should be in a balanced report.

Q3. Explain the reporting system in your workplace that specifies and deals with system failures, product failures and variances. If you do not have one in place, please explain the FRACAS approach and include at least three benefits.

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