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Status analysis of the development of a new product

Assume you are the project manager for a software company and your team is in charge of delivering an update to tax preparation software for the next tax season. The project team has ten software developers working together, but located across the country. You have the following information about the project, and need to provide a status to the sponsors. Please write a one page status report to the sponsors, providing a clear indication of status of the project. The sponsors also like to only know the two most important risks, and what could be done to mitigate the risk if it happens. The conclusion of the status report must describe any requests for additional resources, if they are necessary.

New items you learned this month about the project:
- There is a three day weekend in the coming month.
- Nine of the developers are on track to finish their tasks 2 weeks early.
- One software developer took the recently announced "early retirement" package, and is leaving in one week. He is confident he will be able to finish his piece of the work before he leaves.
- It is hurricane season in Florida, where three of the developers are located.
- The developer who is retiring is the only person who knows how to get approval for the final product from the IRS.
- The project costs are under budget and there has been no need for overtime.

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Project Status Update:

The software development project for updating the tax preparation software is moving ahead as per planned schedule without any delays or cost overruns. Nine out of the ten developers working on this project are expected to complete their tasks by approximately 2 weeks before the planned completion date, which means that there is a high possibility of the completion of the project ahead of the planned schedule. This surplus time also allows the project team to address situations that can cause delays such as the upcoming ...

Solution Summary

Discusses project status of a project related to development of new product.