I know on my end, even when I am using "valuable" status reports (IE, providing something for mass digestion/to be used by a PM for mass alignment), a lot of the value gets lost. It becomes about confirming items being completed, and a consolidated tool (your Asana, or even a shared project plan with some amount of change tracking) would be just as good.

I like that this is providing better content because it is capturing Need/Reason, as well as any obstacles. I think I am going to try it!