If you use Microsoft Test Manager, you *have to* install Test Scribe! It is a documentation power tool that integrates direction into MTM and allows you to create a Word document based on your Test Plans and you Test Runs. This is a great way to report test progress, create User Acceptance Testing documents, or just review your test cases with your team away from MTM.
You can download it from Visual Studio Gallery: http://visualstudiogallery.msdn.microsoft.com/e79e4a0f-f670-47c2-9b8a-3b6f664bf4ae
Once you install it, you will see a new “Tools” option in the MTM drop-down:
From Tools, you get two options:
Clicking on the “Generate” button gives you the reports: