Status Report Assignment In our previous assignments we completed a project charter and project plan for our dream home project. Our dream house project is now being built; as project managers we are focused on monitoring and controlling the project. One of the main elements of monitoring a project is to be able to understand and report on project progress; this is often reported on using a performance report. For this assignment well take on the role of a project manager to create a performance report for the project our goal is to determine if the project is on track or not. The Work Performance Report, also known as the project status report or progress report, is an essential tool for a project manager to communicate a snapshot of the projects status to the stakeholders in a concise, clear format