The most likely reason your March Patch Tuesday report shows all red is due to the March update being superceded by later cumulative updates. If you use a later report (depending on your patching schedule, April's or May's), and it's green there you're covered - but that's for Windows OS updates, not Office/Outlook.
For click-to-run Office/Outlook, I've got a report that should work for you (if you're using O365 it will need to be tweaked). For MSI Office/Outlook, if the update shows up in update history, a report should be able to detect it.
Select Distinct Top 1000000 tblAssets_1.AssetID,
tblAssets_1.AssetName,
tblSoftwareUni.softwareName,
tblSoftware.softwareVersion,
Case
When tblSoftware.softwareVersion >= '16.0.16130.20306' Then 'black'
Else 'red'
End As foregroundcolor
From tblAssets As tblAssets_1
Inner Join tblSoftware On tblAssets_1.AssetID = tblSoftware.AssetID
Inner Join tblSoftwareUni On tblSoftwareUni.SoftID = tblSoftware.softID
Inner Join tblAssetCustom On tblAssets_1.AssetID = tblAssetCustom.AssetID
Where tblSoftwareUni.softwareName Like '%Microsoft Office%en-us%' And
tblAssetCustom.State = 1
Order By tblSoftwareUni.softwareName,
tblSoftware.softwareVersion Desc,
tblAssets_1.AssetName