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In the tutorial, Devin Deen, Content Director at ProjectManager.com, discusses essential elements of project status reports. He emphasizes that these reports should serve as transparent communication tools for external stakeholders, providing clear insights into the project's progress. A crucial guideline is to avoid including surprises in the reports, such as being over budget, behind schedule, resource shortages, or quality issues. Instead, project managers should first communicate any concerning updates to key stakeholders individually, either in person or over the phone, before officially documenting them in the status report. This approach ensures stakeholders are informed without unexpected revelations in the report.