What Is Multiple Project Status Report Excel?
This Excel template is specifically designed to manage multiple projects more easily. With it, you can track up to five projects at once, though it’s flexible enough to add more if needed. It provides a clear, consolidated view of each project’s progress, budget, risks, and status so you can deliver updates quickly and confidently.
Key Features Of The Multiple Project Status Report Template
1. Portfolio Delivery Roadmap: This section in the templates outlines the type of delivery roadmap to help you visualize the completion phases of the different projects. So that you can have enough quality information to understand the timeline of the projects, which eases communication with stakeholders, just enter the delivery dates of the individual projects and select their respective colours, such as Green (On Track), Amber (At Risk), or Red (Off Track).
2. Portfolio Status: The portfolio status helps you manage the overall health of your portfolio by analyzing the vital performance indicators. The performance indicators include schedule, budget, resources and Risk of every project. You can update the status of each KPI, such as Green (On Track), Amber (At Risk), or Red (Off Track). It describes the health status of the project and is visually more informative to everyone.
3. Portfolio Financials: The financials section focuses on allowing you to budget for each individual project without compromising the deliverables of the rest. You can add the planned and actual costs and what you expect the costs for each project. The template calculates the difference between what you planned to spend and what was actually spent. This section helps to view an overall financial performance.
4. Individual Project Status: This section in the template gives you a detailed view of the project status to identify each project and the status of the project. Our template helps you to log the Project name, Current phase, Start and End Dates, and Percentage of progress. We have a simple drop-down option that makes it very easy to update the status of each phase, whether On Track, Delayed, Concern or Pending. You also have the option to keep track of risks, issues, dependencies, and concerns and even document the current status of each item separately.
How To Use Multiple Project Status Report Excel?
1. Set Up The Portfolio Delivery Roadmap: Start by inputting the delivery dates for every individual project. Along those lines, use colours to differentiate between projects, as it helps follow the timeline easily, especially for stakeholders.
2. Enhance The Portfolio Status Section: Evaluate the KPIs of every project like schedule, budget, resources, and risks and assess them. Indicate where the different areas currently are through a colour-coding system (Green, Amber, or Red). This assists everyone to quickly understand where things currently stand.
3. Enter Financial Information: Go to Portfolio Financials and provide the budget figures per project. Enter planned costs, actual costs, and forecasts for every project. The template will calculate the differences and display the total portfolio budget and variances.
4. Complete The Individual Project Status Section: For each project, provide detailed updates, including:
- Perform corroborate updates for each project.
- The project name, current phase, and timelines associated with it.
- The completion percentage
- Status update for the phase (On Track, Delayed, etc.)
Benefits Of Using Project Status Report Template
The Multiple Project Status Report Excel template is more than just a spreadsheet. It’s a productivity booster, which is why you will love it. Here’s Why You Should Use This Template:
- Simplifies Tracking: You can store all your project data in one space, which makes it easier to keep Track of the information.
- Saves Time: With automated calculations for financials and clear layouts, these templates make updates quick and painless.
- Enhances Clarity: The visual roadmap and colour-coded status indicators make it easy for anyone to understand project progress.
- Customizable: You can adapt to your reporting needs by adding more projects.
- Improves Communication: Share an impressive document with stakeholders to make sure that everyone is informed and knows what is going on.
Conclusion
The Multiple Project Status Report Excel allows everything to be done in a single, well-arranged template, which simplifies order management. This tool allows you to manage the entire portfolio, including timelines for delivery and financial expenditures, while saving time and energy. Even with more than five active projects to manage, this template allows one to operate with confidence and clarity.