This question is based on Project Management Processes. Please find the material below and the question as follows: Reference Material: Title: Effective Project Management Traditional, Agile, Extreme, Hybrid

Subtitle: 8th Edition

ISBN: 978-1-119-56280-1

Authors: Robert K Wysocki Question : Describe the purpose of a status report to the project sponsor? What key information do you feel is important for the status report to include and why? What is the optimum reporting cadence and why? What factors do Project Managers need to think about when creating a status report template? Do you feel that status reports are only needed when managing waterfall projects, and why? How can project status be shared in an Agile or Hybrid project?