Collaboration Café

Status Check: Budget and Project Progress. No matter your position of leadership in an organization, you are responsible to report to someone above your position. Even the President/CEO is responsible to a board of directors. Or you may be held accountable by an accreditation body or regulatory agency. Whomever or whatever you are responsible to, you will be required to provide status reports on projects you have been tasked with. Sometimes status meetings are planned. Other times you may be given very little notice to provide an update.

For this week’s collaboration café, imagine that your instructor is the person or authority to whom you are accountable. You have been asked to provide a brief written status update on your project. Your update must include an update on your project budget that includes favorable and unfavorable variances and a forecast of financial resources needed to complete the project. Also, include where you are in relation to your timeline for on-time completion. Note any barriers or delays you anticipate.

Answer Guide:Status Check: Budget and Project Progress

This discussion provides a project status update on a comprehensive fall prevention program.  The project aims to reduce the falls by 20 percent over a period of 16 weeks.

The total budget was: $26,516.  So far, $13000 has been spent and the remaining amount is $13516.  The favorable variance from the budget includes training costs which were less than the budgeted by 12%. The rationale for this is because; there were resources in the organization that were used instead of purchasing…..Unlock the Full Solution Now – Click to Get All Answers!”