A performance report addresses the outcome of an activity or the work of an individual. The report may compare actual outcomes to a budget or standard, as well as the variance between the two figures. The recipient of a performance report is expected to take action when there is an unfavorable variance. Examples of performance reports are:
- An employee receives an annual performance report, detailing her activities versus her original action plan.
- A project manager receives a periodic performance report, noting cost and time overruns as of the latest project milestone.
- A city government issues an annual performance report, showing the services provided by each of the various city departments.