A Status Report is a document that provides an update on the progress of a project or task. It typically includes information about completed work, ongoing activities, and any challenges faced. Status reports help stakeholders, such as team members and managers, understand how a project is progressing and if it is on track to meet its goals. These reports can be generated at regular intervals, such as weekly or monthly, and may include metrics, timelines, and future plans. They are essential for effective communication within a team and can involve tools like Gantt charts or project management software to visualize progress.