If you’re managing a single team or two directly, you should know all of the details of the project status as part of your regular team processes (like morning standup meetings). Different details are important at different project stages. In the beginning and design stages of a project, you may want to be more involved in order to facilitate a good set of project goals or a good system design. When you’re close to a delivery date, progress details become more important, because there are more decisions to be made and those specifics convey much more actionable information. During the normal workflow, though, it’s usually enough to know what’s moving forward and what is taking longer than expected, especially if you can use that information to reshuffle work or help a struggling team member.