What is included in the reporting responsibilities of project managers?

The choice that indicates reporting on project progress to customers and company managers is accurate because project managers have a crucial role in ensuring that all stakeholders are informed about the project's status. This includes communicating updates on timelines, milestones, deliverables, and any challenges that may arise during the project lifecycle.

Project managers must provide clear and timely information to both customers, who are interested in how the project is progressing relative to their expectations and agreements, and to company managers, who need insights into resource allocation, project health, and overall alignment with organizational objectives. This comprehensive reporting helps facilitate informed decision-making and fosters a collaborative environment among all parties involved in the project.

In contrast, the other options are more limited in scope. Reporting only to upper management excludes necessary communication with clients and team members, which is vital for project transparency. Focusing solely on financial aspects neglects other critical areas such as scheduling, risk management, and quality assurance. Lastly, reporting exclusively on team member performance overlooks the broader context of project progress and stakeholder engagement. Thus, the correct answer encompasses the essential communication responsibilities of project managers across the spectrum of project oversight.