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While performance appraisal is sometimes prompted by disciplinary action, this is not usually the case, and while the actual review of the performance appraisal may be scheduled and the time in which an individual should reach a goal limited, generally performance appraisal should be an ongoing process that continues from one review period to another (usually annually) in order to provide feedback to the individual and help the individual reach goals.
Performance reporting is the collection and dissemination of performance information to stakeholders, including status reports, progress measurements, and forecasts.
- Status reports: where the project stands at a specific point in time in terms of meeting scope, time, and cost goals.
- Progress reports: what the project team (as a whole) has accomplished during a certain period of time
- Project forecasting: predicts future project status and progress based on past information and trends; estimates project completion date and cost to reach the date. Forecasting may use status review meeting which highlight information provided in documents, empower people to be accountable for their work, and have face-to-face discussions about important project issues.