Performance reporting is the process of collecting and analyzing data to evaluate how well an organization, project, or individual is achieving its goals. This information is typically presented in a structured format, such as charts or graphs, to make it easier to understand. Performance reports can cover various metrics, including financial results, productivity levels, and customer satisfaction. These reports are essential for decision-making, as they help stakeholders identify strengths and weaknesses. By regularly reviewing performance reports, organizations can adjust their strategies and improve overall effectiveness. Tools like dashboards and key performance indicators (KPIs) are often used to facilitate this process.