Performance reporting is a systematic approach to evaluating how well a project or product performs against specific predefined benchmarks, providing critical insights into project status.
When done right, performance reporting can be a powerful tool for assessing project progress, identifying challenges, and highlighting actionable insights in an easy-to-understand format.
In addition to offering a high-level overview of project progress, performance reporting encourages accountability, improves decision-making, and enables informed adjustments to stay on track.
Key metrics in performance reporting include product adoption, customer satisfaction score, revenue, and churn rate, all essential for assessing and enhancing project performance.
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