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In this video tutorial, the importance of weekly or monthly progress reports on all projects you lead is discussed. A template for a simple weekly progress report is provided that can be used across industries. Progress reports are emphasized as a tool for stakeholder engagement, rather than just stating what was done or not done and covering oneself in case of problems. It is recommended to keep progress reports simple and to focus on controlling stakeholder engagement through the information reported. Practical tips and insights are shared based on the speaker's experience.