Suppose you are a product manager. Your product have many projects running under it. E.g. the product is a luxury car and projects are the engine, seats, tires and electronics. Each team reports to you. There can be 80 different teams working for your project. Thus you will get 80 weekly reports via email for your product. Some teams may be ahead of schedule, some behind and some stalled. Would all this make sense? No.
Individually these reports mean nothing, together they mean everything.
Imagine now that the whole product is divided into small items and these items are distributed to different teams. You have a platform where all these items and their sub-items are visible and each team report to this platform for status reporting. This way you will have a good understanding of where you stand in the product. Plus not only you will be able to see the progress, all teams will be able to track down progress. This will help transparency.
Software teams often track features and requirements covered in the project to track progress. It doesn't matter if the feature is covered by one team or many. Reporting this way gives a logical and holistic view of progress.
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