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?
The most significant risk is that firmware and hardware needs a certain amount of integration. Software is more of an isolated system, but in order for firmware to be ready for the monday interim demo, we need to make sure the hardware components (gps, microcontroller, screen) are all working properly.
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?
No changes were made to the existing design.
Provide an updated schedule if changes have occurred.
This is also the place to put some photos of your progress or to brag about
component you got working.
No schedule was updated. We are all working on completing our individual sections to make sure we can demo our full individual systems properly. We are on track to meet the interim demo deadline on Monday. 
Diagram showing Firmware and Software Interactions
Software Dashboard