Having crisp project status reports is a must to drive crucial decisions & management attention at the right time. Savvy project managers understand the value of project overviews as this where they can garner all the support & momentum required for the project success.
On the other hand, it is always a challenge for project managers to gather relevant data points at times from multiple repositories & tools before they can prepare the master report.
Manual effort intensive, time consuming, boring and obviously tedious!
Most of all, not a judicious spend of precious efforts!