IAAP Certified Administrative Professional (CAP) 2025 – 400 Free Practice Questions to Pass the Exam

A progress report primarily provides an overview of an ongoing project, which includes updates on the status of various elements within the project, such as milestones reached, tasks completed, any challenges encountered, and upcoming deadlines. This type of report is essential for stakeholders to understand how the project is proceeding, what resources might be needed, and how close the project is to meeting its goals.

The focus on ongoing activities and achievements allows project managers and team members to communicate effectively about the current standing of the project and any necessary adjustments. In contrast, the other options represent different types of reports or analyses. For instance, a summary of business ownership focuses on the structure and stakeholders involved in a business, an analysis of historical data looks backward at past performance rather than current progress, and an informal review of team performance tends to lack the structured and formal nature that characterizes a progress report. Thus, the choice that highlights an overview of an ongoing project directly aligns with the primary function of a progress report.