Scenario: You are the project manager responsible for a newbuilding construction in northern Virginia. The building is worth$500,000 and will have five bedrooms, a kitchen, landscaping, and atwo-car garage to be completed in two years. This was agreed uponin a firm fixed contract. During the execution (construction) ofthe building, you realize that the cost of materials have gone upby 10%, and your schedule is behind by 90 days due to delays fromcounty inspections and permit processes. You also notice that ifyou continue with the current cost rate and schedule rate that thetotal cost to complete this house would be $600,000 and deliveredthree months late.

Submit a three-page report explaining the reasons for thesevariances from your original project management plan and theproposed steps on how you are going to control the cost andschedule to achieve the contract threshold of $500,000 to bedelivered in two years. Your plan must include the following:

• Address identifications of impacted activities with their costand schedule attributes, remembering to account forcontingencies.
• Address explanations of the roles your project management teamwill play during the execution of your project management plan andhow they will help you to control the issues that are arisingduring the project.