Project Managers shall submit a regular status report covering:

• Deliverables made or milestones achieved in the past month,
• Status of work against future deliverables and milestones due within the next period,
• Commentary regarding the expenditure versus budget and forecast expenditure for the next three months (forecasting is required to enable cashflow planning to occur),
  
• Any risks or issues that need Sponsor or Steering Committee involvement to assist in mitigation.