Monthly Status Reports - Research Paper Example

Project Monthly Status Report Project Summary Tax Preparation Software, 19 February, Project Manager, X Software Company. Monthly Status Report.Tax preparation software for the next tax season being developed by our company consists of a project development team of ten software developers working together but located across the country.Deliverables: Tax preparation software that is fully operational before the next tax season for preparing and filing taxes with IRS automatically. The software is under development and budget and due for approval shortly.

Project Risks: The two risks pertinent to this project are Tax Domain Expertise – Software developers are chosen with proficiency in Tax laws.Trust in security and privacy - Secured encrypted software is developed Also the tax season is hectic, there is no scope for loopholes or flaw, the final product needs to be perfect, therefore enough testing is being carried out to make it function exactly according to the software requirements. Project Performance Update ReportS.No.DescriptionStatus1Project Costs : Under budget and there has been no need for overtimeGreen2Project Delivery Schedule : Nine of the developers are on track to finish their tasks 2 weeks earlyGreen3Project Issues : 1.

One software developer took the recently announced "early retirement" package, and is leaving in one week however is confident that he will be able to finish his piece of the work before he leaves. Yellow2. It is hurricane season in Florida, where three of the developers are located therefore completion of tasks on time might get delayed however as they are ahead of their schedules it might not have much impact.Yellow3. There is a three day weekend in the coming month Yellow4. The developer who is retiring is the only person who knows how to get approval for the final product from the IRS.

 RedConclusionTill date the project is on schedule and under the budget however the recent issues that might affect the delivery and costs are: leaving of one developer who is critical to get approval from the IRS, hurricane season where three developers are located and three day long weekend. Therefore it is being recommended that one more developer needed to be added in the team who knows how to get approval for the final product from the IRS and his contribution will put the project on schedule if it gets affected by any of these issues.