A "Project Update" is a brief report that provides information on the current status of a specific project. It typically includes details about progress made, challenges encountered, and any changes to the timeline or budget. This update helps stakeholders stay informed and aligned with the project's goals. These updates can be shared through meetings, emails, or project management tools. They often highlight key milestones achieved, such as the completion of a phase or the delivery of a product. Regular updates ensure that everyone involved, including team members and stakeholders, understands the project's direction and any necessary adjustments.