4 Page essay on project management

Scenario: You are the project manager responsible for a new building construction in northern Virginia. The building is worth $500,000 and will have five bedrooms, a kitchen, landscaping, and a two-car garage to be completed in two years. This was agreed upon in a firm fixed contract. During the execution (construction) of the building, you realize that the cost of materials have gone up by 10%, and your schedule is behind by 90 days due to delays from county inspections and permit processes. You also notice that if you continue with the current cost rate and schedule rate that the total cost to complete this house would be $600,000 and delivered three months late.Submit a (3) three-page report explaining the reasons for these variances from an original project management plan and the proposed steps on how you are going to control the cost and schedule to achieve the contract threshold of $500,000 to be delivered in two years. Your plan must include the following:Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.Address explanations of the roles your project management team will play during the execution of your project management plan and how they will help you to control the issues that are arising during the project.Include at least 2 credible sources to support your ideas, thoughts, and theories. Use APA format to document your sources in-text and in your “References” list at the end of the essay.At the end of your essay, add a separate section entitled,“Reflections on My Learning.” In this stand-alone section, create a one page summary of what you have learned in doing the research, reading the textbook, and reading the written lessons in regard to project management and how it impacted your decisions in this essay. Make this part up based on the syllabus below that explains the learning outcome for this class.SyllabusAnalyzes the diverse sectors of project management leadership, team activity, and range of organizations and topics related to project teams. Project teams are comprised of multiple job sectors and divisions. The roles of project team members are explored from project creation to completion, while managing team conflict, motivation, individual and group behavior, and strategic completion of work assignments.Upon completion of this course, students should be able to:Examine the nuances of individual and organizational behavior.Analyze the behavioral characteristics of individual project team members.Evaluate individual behavior as a component of team behavior.Explore the dynamics of project teams.Describe the process of leadership when leading project teams.Discuss conflict management and negotiation strategies.Compare the advantages and disadvantages of various organizational structures.Assess strategies to manage organizational change.Textbook: referencesTurner, J. R. (2014). Handbook of project-based management: Leading strategic change in organizations (4th ed.). New York, NY: McGraw-Hill Education.12/05/202040engineering