The conversation between human and AI assistant.
What is a professional way to send an email to ask for project update?
Yes, please.
Okay, here's an example: 
Dear [Recipient],

I hope this email finds you well. I wanted to touch base regarding the [project name] and its current status. Could you please provide me with an update on where we stand and any progress that has been made? 

Thank you for your help and I look forward to hearing back from you soon.

Best regards,
[Your Name]

Does this help?