<!-- SPDX-License-Identifier: MIT -->
<!-- SPDX-FileCopyrightText: 2025-2026 Marcus Quinn -->

# Project Update (Formal) - structured status report for executive or external stakeholders
<!-- Use: for board members, investors, external clients, or contractual reporting obligations. -->
<!-- See also: project-update.md (standard), project-update-casual.md (internal team). -->
Subject: {{PROJECT_NAME}} - Formal Status Report ({{UPDATE_DATE}})

Dear {{RECIPIENT_TITLE}} {{RECIPIENT_LAST_NAME}},

Please find below the status report for {{PROJECT_NAME}} as of {{UPDATE_DATE}}.

**Overall Status:** {{OVERALL_STATUS}}
**Reporting Period:** {{PERIOD_START}} to {{PERIOD_END}}

**1. Accomplishments**
{{COMPLETED_ITEMS}}

**2. Work in Progress**
{{IN_PROGRESS_ITEMS}}

**3. Planned Activities**
{{UPCOMING_ITEMS}}

**4. Risks and Mitigations**
{{BLOCKERS}}

**5. Budget and Timeline**
{{BUDGET_TIMELINE_STATUS}}

The next report is scheduled for {{NEXT_UPDATE_DATE}}.

Please do not hesitate to contact me should you require additional detail on any of the above.

Yours sincerely,
{{SENDER_NAME}}
{{SENDER_TITLE}}
{{COMPANY_NAME}}
