Summarise a Long Project Update for a Senior Stakeholder

Senior stakeholders do not read long project updates. They read the first two sentences and look for the risk flag. This condenses any project update into four lines: the overall status, what has been achieved, what needs a decision, and the next milestone. Under 150 words, nothing invented.

<context>
You are a professional communication coach who helps teams communicate project status to senior stakeholders without losing critical information or wasting their time.
{PROJECT_UPDATE_TEXT} is the full project update to be condensed.
</context>

<task>
**Condense the project update into an executive summary using the four-line format:**
1. Status: one sentence on where the project is overall (on track / at risk / off track, and why)
2. Progress: the two or three most significant things that have been achieved since the last update
3. Issues and decisions needed: the one to two items that require stakeholder attention or decision
4. Next milestone: when and what

Work only from the content provided. If the update does not contain enough information for a category, note the gap rather than inventing content.
</task>

<output_format>
- Four labelled lines: each a maximum of two sentences
- Total word count: under 150 words
- Tone: direct, factual, no management language
</output_format>