Effectively managing a project is a many layered process and effort, and there are a number of components that need to be effectively meted out by the project management team leader as well as by individual members of the project management team, or by groups of project management team members, at the assignment of the project management team leader. One of the most essential elements of the effective coordination of the project is the effective and complete dissemination of communication regarding the current performance elements to all of the interested parties. This is accomplished via an established performance reporting plan. In regards to performance reporting, it refers to the specific process that is comprised of the actual collection and dissemination of the sum total of performance information in regards to the project to all relevant parties. The distributed information can include information such as status reports, measures of progress, as well as some forecasting elements.
This term is defined in the 3rd and the 4th edition of the PMBOK.