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Free Project Status Report Template

A weekly project status report template with RAG status, milestone tracking, risks, budget, and action items. Keep stakeholders informed and issues visible.

Report Header

Identify the project and reporting period

  • Project Name: _________________________________
  • Report Date: _____________ Reporting Period: _____________
  • Project Manager: _________________________________
  • Overall Status: [ ] Green — On Track [ ] Amber — At Risk [ ] Red — Off Track

Executive Summary

2–3 sentences: what is the project status and what matters most right now

  • Overall project health: _________________________________
  • Key highlight this period: _________________________________
  • Primary concern / risk: _________________________________

Milestones Status

Track each milestone — completed, on track, or at risk

  • Milestone | Target Date | Status | Notes
  • _________________ | _________ | [ ] Done [ ] On Track [ ] At Risk | _____
  • _________________ | _________ | [ ] Done [ ] On Track [ ] At Risk | _____
  • _________________ | _________ | [ ] Done [ ] On Track [ ] At Risk | _____
  • _________________ | _________ | [ ] Done [ ] On Track [ ] At Risk | _____

Accomplishments This Period

What was completed or progressed since the last report

  • ✓ _________________________________
  • ✓ _________________________________
  • ✓ _________________________________

Planned for Next Period

What the team will focus on in the next reporting period

  • → _________________________________
  • → _________________________________
  • → _________________________________

Risks & Issues

Active risks and current blockers requiring attention

  • Risk / Issue | Severity (H/M/L) | Owner | Mitigation / Resolution
  • _________________ | _______ | _______ | _________________________________
  • _________________ | _______ | _______ | _________________________________
  • _________________ | _______ | _______ | _________________________________
  • Escalation needed: [ ] Yes — escalate to: _____________ [ ] No

Budget & Resources

Budget consumption and resource utilization snapshot

  • Budget Allocated: $_____________ | Spent to Date: $_____________
  • Remaining Budget: $_____________ | Forecast at Completion: $_____________
  • Budget Status: [ ] On Budget [ ] Under Budget [ ] Over Budget
  • Resource issues: _________________________________

Action Items

Open action items from this report

  • Action Item | Owner | Due Date | Status
  • _________________ | _______ | _________ | _____________
  • _________________ | _______ | _________ | _____________
  • _________________ | _______ | _________ | _____________

Status Report Tips

Use RAG Status Consistently

Green/Amber/Red (RAG) status needs a shared definition. Amber means "at risk without intervention", Red means "off track, needs escalation".

Send Every Week, Even When Nothing Happened

Status reports build trust. Silence creates anxiety. Even "no change — on track" is valuable information for stakeholders.

Executive Summary First

Executives read the first 3 lines. Put the most important thing at the top. If the project is red, say so in the first sentence.

Track Forecast, Not Just Actuals

The most useful number is "Forecast at Completion". If you are 10% over budget with 50% of work done, you are in serious trouble.

Auto-Generate Status Updates

FifthDraft's AI can draft project status updates from meeting notes and standup recordings automatically.

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