CSU MBA 6941, Managing Project Teams 4 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 three-page report explaining the reasons for these variances from your...