Putting your work in progress down in writing and keeping it updated makes good management sense - especially if you need to report on your progress at regular intervals.
I find a simple spreadsheet works wonders. Here's an example work in progress spreadsheet that I have written using GoogleDocs. I like GoogleDocs because:
- it's free and everyone can access it
- it's simple and easy to use
- it's on the web so you can share your document with anyone, anywhere
- it has features that let you limit who can see and update the document
- you can easily produce reports in .pdf format that can then be printed off and distributed at meetings
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