Each team member should be answering all of the following questions:
What did you personally accomplish this week on the project? Give files or photos that demonstrate your progress. Prove to the reader that you put sufficient effort into the project over the course of the week (12+ hours).
Is your progress on schedule or behind? If you are behind, what actions will be taken to catch up to the project schedule?
What deliverables do you hope to complete in the next week?
The whole team should answer the following questions:
What are the most significant risks that could jeopardize the success of the project? How are these risks being managed? What contingency plans are ready?
Were any changes made to the existing design of the system (requirements, block diagram, system spec, etc)? Why was this change necessary, what costs does the change incur, and how will these costs be mitigated going forward?
Provide an updated schedule if changes have occurred.