state of progress; progress status
Formal term used in business, project management, and reporting to describe how far a task or project has advanced.
Please report on the progress status of the project.
The state of progress is going well.
進捗 is a more concise term for 'progress' or 'advancement', while 進捗状況 explicitly refers to the 'state' or 'status' of that progress.
状況 means 'situation' or 'circumstances' in general; 進捗状況 narrows it to the situation regarding progress.
Compound of 進捗 (progress) and 状況 (situation, status).