A report that describes an exceptionA situation where it can be forecast that there will be a de... More provides an analysis and options for the way forward and identifies a recommended option. The Project ManagerAlso called PM. The person assigned by the performing organi... More presents it to the Project BoardA group, usually comprising the sponsor, senior managers and... More. A focused report drawing attention to instances where planned and actual results are expected to be, or are already, significantly different.