Fintech Solutions Relocation Project

Fintech Solutions Relocation Project: Team Performance Reporting
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Program Name or Degree Name (e.g., Master of Science in Nursing), Walden University
COURSE XXX: Title of Course
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Month XX, 202X
Fintech Solutions Relocation Project: Team Performance Reporting
Fintech Solutions is an IT organization with headquarters in West Hollywood. The organization has developed a team involving employees and representatives of external consultation firms to oversee the company's relocation project to Downtown LA. The move will complement the organization's current strategic plan by consolidating all the resources under one roof. The project team is tasked with finding an ideal new location in Downtown LA and ensure that the new premises are customized to meet the brand and operational needs of the organization. However, the effectiveness of the team relies on a reliable team performance reporting strategy.
Key Project Documents for Reporting Progress
Performance reports show stakeholders the performance and progress of a project against the scheduled timelines. Several team performance reports include status, forecasting, trend, progress, and earned value reports. The key documents for reporting performance in the current project include survey findings, progress status, and cost documents (Czarnigowska, Jaśkowski, & Biruk, 2011). Survey findings include employee and customer opinions as the project continues and justifications for selected premises. Progress status document provides information on the portion of the project that is complete, underway, or yet to begin, along with justifications. The costs document, on the other hand, provides an overview of incurred costs so far. The three documents provide a basis on which stakeholders are informed to enhance decision-making processes.
Historical Project Artifacts Include in the Reports
Project artifacts refer to documents with information that can be used in the current project (Berg, 2017). Project charters and business cases are some of the artifacts utilized in the current communication plan. Project charters are formal documents that provide brief explanations of projects. Existing project charters will provide the current team with templates on how to complete the current project. Business case documents show the costs, gap analysis, and expected risks of similar or related projects from the past. The document can help the current team in forecasting and comparing costs and risks. The two documents provide information on precedence along which stakeholders can compare and analyze issues in the current project.
Project Communication Management Tools
Even with the right documents, project reporting is not effective where communication is lacking. The efficiency and reliability of communication tools contribute to the robustness of the communication plan in place. In the current project, a project board, discussion board, and technology-powered project management tools will be used in reporting team performance progress. A project board captures planned work, work in progress, and completed work. At a glance, stakeholders can gather critical information from a project board at any time (Berg, 2017). The discussio...