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In this tutorial, Devin Deen from ProjectManager.com discusses the essential elements of project status reports. He emphasizes that these reports serve as a transparent communication tool for external stakeholders, providing insight into the project's progress. The key point he stresses is to avoid including any surprises, such as budget overruns, schedule delays, resource shortages, or quality issues, in the status report. Instead, project managers should first communicate significant issues directly to stakeholders or key sponsors, preferably one-on-one or via phone, before documenting them in the status report. Therefore, transparency and careful communication are crucial for effective project management.