The project management term or phrase that is used for the purposes of representing the project management process that focuses on taking the facts and happenings in regards to a particular project and disseminating this information to all of the relevant parties, with a particular focus on providing information to those who have a financial stake in the ultimate outcomes of the project. These methods of information dissemination can come in means including regularly scheduled conferences and or meetings, regularly scheduled conference calls in which some or all members of the project team participate, informal written communications such as periodic updates via email and of other short form, less formal means of communications, as well as formal reports that may or may not have been requisite to the completion of the project. Information distribution is essential to assuring that the financial stakeholders are fully aware of the progress throughout as it helps to assure no surprises arise at the time that deliverables are expected to be final.
This term is defined in the 3rd edition of the PMBOK but not in the 4th.