To ensure smooth project execution, you decide to provide periodic updates to stakeholders. What is this process called?

The process of providing periodic updates to stakeholders is best described as performance reporting. This practice involves documenting and communicating the actual performance of the project against the planned objectives. Performance reporting serves several important functions, such as keeping stakeholders informed about progress, identifying any deviations from the project plan, and making necessary adjustments to ensure that the project remains on track. By regularly sharing updates on key metrics, milestones, and overall project health, you create transparency and foster trust with stakeholders, which is crucial for the successful execution of the project.

Stakeholder engagement, while related, focuses more on involving stakeholders in decision-making and ensuring their needs and expectations are understood and met throughout the project lifecycle. Project monitoring and controlling encompasses a broader scope that includes tracking project performance and making adjustments as needed, but it does not specifically pinpoint the act of providing updates to stakeholders. Risk management deals with identifying, analyzing, and responding to project risks, which is separate from the process of performance reporting.