Project Status Report : Project ManagementProject SummaryProject SummaryThe project team is progressing forward with the motto of completing the assigned project withinthe provided time span and allotted budget range. Project team consisting of ten professionalsoftware developers who have the highest competency to achieve excellence in this task but teamis facing two major issues in the completion of this project. These two issues include managingthe risks associated with the project assessments and recruiting a professional resource is havingthe highest probability to be faced in the upcoming month. The virtual and remote existence ofthe employees compels the organization to communicate and collaborate through technology andthis coordination is carried out quite effectively through regular meeting sessions and videoconferences.Risks InvolvedThe first and foremost risk involved in time management and efficiency of the project is the earlyretirement of an important personality who was the only individual who knew the procedures ofapproving a final product from the IRS. The training of a new employee in a short time on such acompetent scale is a challenge.Second ri ...
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