- As a part of compliance best practice, the VENDOR must share the project status report with the CLIENT on a timely basis. The project report must have the following details:
- A comparison of Quick FPA time estimates against actual hours,
- Percentage of work completed – progress against the listed tasks in a summarized well formatted format,
- Comparison of actual and estimated cost estimates,
- Potential risks, issues and mitigation strategies,
- Timing milestones of major releases along with percentage completion of each,