What is the predicted status of a project?

The predicted status refers to the progress a project makes from the beginning of the ongoing month to the date of the status report.

Portfolio reporting requires a timeframe of at least a few days in each period to allow project managers to fully compile their project reports. Depending on the organization, this period can increase even to 2-3 weeks. The predicted status covers the progress a project makes from the beginning of the ongoing month to the date of the status report, and includes the project manager’s estimation regarding the status the project will achieve by the end of the ongoing month.