Common use of Status Reporting Clause in Contracts

Status Reporting. Watchit Media will provide weekly status reports, addressing the following areas: · Overall Project Status – highlighting activities performed during the reporting period, activities planned for next reporting period, schedule variances, variances in the financials of the project, hours actually performed per phase vs. hours originally planned for same phase and staffing · Issues – escalation of project issues, obstacles · Risks – escalation and visibility into project risks, and mitigation strategies · External Project Dependencies – escalation and visibility into external project dependencies and requirements · Change Requests – escalation of project change requests, requiring approval to change project scope, timeline, and/or cost · Milestones – escalation and visibility into key project milestones · Key Performance Indicators (KPIs) – highlighting progress against phase exit criteria and deliverable completion

Status Reporting. Watchit Media will provide weekly status reports, addressing the following areas: · Overall Project Status – — highlighting activities performed during the reporting period, activities planned for next reporting period, schedule variances, variances in the financials of the project, hours actually performed per phase vs. hours originally planned for same phase and staffing · Issues – — escalation of project issues, obstacles · Risks – — escalation and visibility into project risks, and mitigation strategies · External Project Dependencies – — escalation and visibility into external project dependencies and requirements · Change Requests – — escalation of project change requests, requiring approval to change project scope, timeline, and/or cost · Milestones – — escalation and visibility into key project milestones · Key Performance Indicators (KPIs) – — highlighting progress against phase exit criteria and deliverable completion

Status Reporting. Watchit Media will provide weekly status reports, addressing the following areas: · Overall Project Status – Status—highlighting activities performed during the reporting period, activities planned for next reporting period, schedule variances, variances in the financials of the project, hours actually performed per phase vs. hours originally planned for same phase and staffing · Issues – Issues—escalation of project issues, obstacles · Risks – Risks—escalation and visibility into project risks, and mitigation strategies · External Project Dependencies – Dependencies—escalation and visibility into external project dependencies and requirements · Change Requests – Requests—escalation of project change requests, requiring approval to change project scope, timeline, and/or cost · Milestones – Milestones—escalation and visibility into key project milestones · Key Performance Indicators (KPIs) – highlighting KPIs)—highlighting progress against phase exit criteria and deliverable completion