The Project Measurements work product provides the storage for the project's metrics data. It is kept current as
measurements are made or become available. It also contains the derived metrics that are calculated from the primitive
data and should also store information (procedures and algorithms, for example) about how the derived metrics are
obtained. Reports on the status of the project, for example, progress towards goals (functionality, quality, and so
on), expenditures, and other resource consumption, are produced using the project measurements (see Artifact: Status Assessment). More frequent, or even apparently
continuous, displays of project status are possible using tools where automated software data collection agents feed
real-time displays of project status.