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  1. Overall Status - Green (On plan), Yellow (Needs attention), Red (In trouble)
  2. Accomplishments to date - List of accomplishments for current phase since last sponsor weekly status report
  3. Upcoming milestones - Key tasks and activities planned until next sponsor weekly meeting
  4. Issues - List of issues and proposed resolution if any
  5. Risks - List of risks and strategy for addressing each risk (accept, mitigate, transfer, avoid)