operating_agreement

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Financial Wizards LLC

Team Operating Agreement

Table of Contents…
Mission Statement……………………………………………… 2

Team Objective …………………………………………………. 2

Team Members and Specific Roles……………………. 2 /3

Team Communications………………………………………. 3

Decision Making Process…………………………………….. 4

Performance Standards and Peer Review…………. 4

Meeting Attendance Policy & Schedule………………. 5

Action Items and Internal Deadlines…………………… 5

Group Members:
Barbara Bambo - Research Coordinator

Claudia Scheikl- Formal Report Coordinator

Julius C. Davis II- Project Manager

Kristie Werner - Web Site Coordinator

Kyle Israel – Presentation Coordinator
Financial Wizards LLC
Team Operating Agreement

Mission Statement
To provide consistent, quality, and quantitative analysis aimed at providing a sound structure
for our clients and their future business applications. We are facilitating a massive shift in the
paradigm of business one relationship at a time.

Team Objective
Our objective is to utilize our collective experiences and resources, in an effort to contribute to
the successful completion of this project.

The scope of this project undertaken by Financial Wizards LLC is to examine the pros and cons
of social networking from a personal and professional perspective.

We will effectively illustrate our findings with the aid of web presence, documentation of our
researched findings, and a video collaboration.

Team Members and Specific Roles:
I. Claudia Scheikl - Formal Report Coordinator(FRC)
a. FRC is the structural leader of the report
b. FRC will take the research provided by Research Coordinator and create an
outline for the formal report.
c. FRC will integrate portions of the written report from each individual and will
communicate with the Project Manager and Research Coordinator.
II. Barbara Bambo – Research Coordinator (RC)
a. RC is a critical evaluator of resources used in final project
b. RC is responsible for coordinating academic articles, white papers, and corporate
resources.
c. RC is responsible for checking the authenticity of the final report, including
appropriate attributions, citations, and references.
III. Kyle Israel – Presentation Coordinator (PC)
a. PC is the technical lead on the digital video and the presentation organizer
b. PC will choose the organizational pattern for the presentation
c. PC will structure the introduction and conclusion and set rehearsal times
d. PC is responsible for submission and publication via WebCT Vista
IV. Julius C. Davis II- Project Manager (PM)
a. PM will be the primary team communicator and coordinator
Financial Wizards LLC
Team Operating Agreement

b. PM will participate in each of the tams 3 deliverables (Web page, report, and
presentation) while simultaneously coordinating meeting times, communication,
and assignment submission procedures.
c. PM will coordinate all activities of the team
d. PM will take ultimate responsibility for the timely completion of each related
project.
V. Kristie Werner - Web Site Coordinator (WC)
a. WC will coordinate with team members on page layout, design, and style
b. WC will work with team members to create, edit, link, and upload the final page

Team Communications
Communications for the team will be conducted through email via Vista. Group members will
be responsible for checking Vista daily during the business week for new correspondence.
Additional communication can and will be made via phone calls and text messages.

Group Team Names and Numbers:

Barbara Bambo - Research Coordinator (678)520-1071

Claudia Scheikl- Formal Report Coordinator (678)598-1896

Julius C. Davis II - Project Manager (404)402-4125

Kristie Werner - Web Site Coordinator (563)676-5253

Kyle Israel – Presentation Coordinator (678)697-0122

Decision Making Process
All ideas, suggestions, and thoughts are welcomed and encouraged. Our aim is to foster healthy
communications amongst the group while keeping an open and respectful mind to the opinions of
others.

- All decisions will be made through process of majority consensus via vote
- In the case of an inability to reach a satisfactory decision on a particular subject the PM will
consult with Professor Perry to gain additional insight
- In most cases the PM will serve as the final arbitrator on all group decisions made
- PM will send the group an email recapping decision made for documentation purposes

Performance Standards and Peer Review
Financial Wizards LLC
Team Operating Agreement

- Each team member is expected to participate in all discussions (email or in person), scheduled
meetings, and functions related to the project.
- Each team member will begin the project with a clean slate and 10 points automatically assigned
for the peer review

o Unattended meetings or missed deadlines will result in a penalty of up to the full 10
points depending on the severity of the event. Actual penalty to be decided as a team,
at the exclusion of the affected party.
o Team member point totals will be maintained by the Project Manager and the status of
each will be reported upon at each team meeting.
o Any discrepancies will be resolved by the team, per the decision making policy.
o In the event a team member severs all communication with the team and fails to
participate, the Project Manager, with the consent of the team, reserves the right to
report the incident to Professor Perry.

Meeting Attendance Policy & Schedule
Meetings:

As determined during the first meeting, most of the team gathering will be taking place in class and/or
after class on Tuesdays and Thursdays. The group will use whatever time is allotted from Professor Perry
to work on the Team Project. During the meeting, the group will continue to endeavor the existing goals
and will decide on any further actions in order, to complete the project successfully. Moreover, the
team has agreed to meet and follow up on the project whenever additional time is required. These
meetings may occur during the weekend or weekdays after 9 15pm. Depending, on the status of the
project, the Project Manager may reserve the right to call a face to face meeting to reevaluate the
project within the given timeline.

Attendance Policy:

All team members agreed that attendance is required during this project in all classes and meetings.
However, due to everybody’s busy schedules (working a full time job, while being a full time student)
there might be a few occasions where someone needs to miss class or a meeting. In such case and out of
respect for the other team members, the Project Manager must be contacted and to be made aware of
the absence from the team meeting. Abundant participation is expected from all team members during
the project. If a team member is not achieving his or her task in the given time, the Project Manager will
need to be informed about any reason for not giving full participation and reserves the right to contact
Professor Perry. Furthermore, if at any time a team member feels the Project Manager is not meeting all
required objectives, the said team member may contact Professor Perry as well.
Financial Wizards LLC
Team Operating Agreement

Action Items and Internal Deadlines
10/12/10 Review and completing operating agreement.

Location – Burris/ Time 8.00pm to 9:15pm

10/14/10 Establishing core ideas and research for team website

Location – Burris/ Time 8.00pm to 9:15pm

10/18/10 Review research and start establishing the 6 paragraphs for website.