Monthly Status Report to Sponsors

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 in APA format, providing a clear indication of status of the project. (Suggestion: Red, Yellow, or Green for status). 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.

Your status report should be one page in length (not including title and reference pages) and utilize at least one academic source. 

Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.