I use this template during Readers Workshop as I conference with students one on one.
The C stands for Compliment- it's important to give one thing you notice the student doing well or attempting in their reading. By writing it down, you can see what you've already complimented them on and not repeat yourself the next time.
The TP stands for Teaching Point- this is the one point you want to teach them during your conference. it's important to only teach them one thing during a conference so that they can focus on that.
The NS stands for Next Steps- here you can write down any other points that you thought you could have taught and save for another conference or small group setting.