1. The interacting activities of software development require continuous attention in order to manage risks and to assess the project status.
2. Periodic status assessments are defined as the management reviews carried out at regular intervals so as to indicate the progress and quality indicators, paying continuous attention to project dynamics and maintaining communication among all stakeholders.
3. Periodic status assessments are the periodic events in which, management reviews the progress of a project in a regular manner, so as to achieve stakeholder's expectations.
4. Periodic status assessments are considered as one of the critical project checkpoints as it provides special consideration to the gradual development of the project priorities.
Functions of status assessments:
1. The status assessment aims at the periodic occurrence of stakeholder's expectations.
2. Status assessments are carried out by the management in order to check the development of a project in a periodical manner.
3.Deals with issues related to the progress of project status or assessment of status.
The need for status assessments in the software life cycle:
1. The main goal is to fulfill the stakeholder expectations in s synchronized and consistent manner.
2. Status assessments serve as periodic snapshots of a healthy project which includes assessment of risks, management indicators, and quality indicators.
3. Status assessment documents provide the mechanism for satisfying everyone's expectations, for communicating and solving the management, technical issues, and project risks.
4. They provide objective data from on-going activities for developing product configurations.
5. It also provides a mechanism for the widespread use of a process, progress, quality trends, practices and experience information to all the stakeholders in a to and fro manner.
6. Status assessments force the project manager to conduct periodic review and to collect the necessary data in order to have good health of the project.
7. Typical status assessments include resources review, personnel staffing, financial data i.e., cost and revenue, top 10 risks, plans related to major milestones, the scope of product, consequences and technical progress like metric snapshots, etc.