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Engineers - project manaegment

I'm taking a poll of my fellow Engineers.

"How do you track your projects / show status to upper management"

Background:

As engineers, we're all used to time-lines and gantt charts for tracking projects, I think most of us were taught to use them in school. The upper management I work with has all sorts of business tools to track "issues", but none of them work well for design related items.

So I need to find a Rossetta stone of engineering project management.

What methods do you use for project tracking and how do send that information up the ladder? How do you show your status, without having to explain in great detail to non-engineers or going into the n-th degree explanations?

Thanks!
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John Helgesen
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