Assessing the level of risk related to the project management agreement between The Coleman Project LLC (TCP) and J. Smith & Associates (JSA) is critical to complying with all project deadlines. The focus of this risk assessment is related to the office construction, furniture and equipment set up for JSA's new regional office in Scottsdale AZ. The agreed start date of the project is February 28, 2013 with a completion date of May 25, 2013. What is the risk related to this project? Microsoft defines project management risk as “A risk is the possibility that an event or condition could have an adverse impact on a project. Risk management is the process of identifying, mitigating, and controlling known risks in order to increase the likelihood of achieving project objectives” (Microsoft, 2013). This risk definition will serve as a point of clarification between the JSA and TCP to establish a baseline understanding of project management risk. The TCP project management risk tool used to identify, mitigate or control risk will focus on three areas; overall project risk, subcontractor risk and project-specific risk. Overall project risks are risks susceptible to any project. Kendrick, (2009) used information from the Peril Database and with that data TCP created a matrix representing delays due to absolute risk, see Appendix 1. The list quantifies actual project delays over a specific time period and then calculates the average of these risks by identifying the average potential delay per risk category. This component of the TCP risk tools provides insight into how drastically a risk can delay a project. The impact of a “black swan” was not quantified within the matrix given its rarity, but Kendrick, 2008 explains… halfway through the paper… shared with the TCP technical team in case resources missing ones will impact their installation. In the field, the TCP project team's primary function is to usher in an orderly and efficient, fully furnished opening of the JSA's new regional office. The TCP team will also manage the inventory of all office equipment and furniture delivered to the site. TCP will have a team of two people on site and the main risk would be if one or both of them fell ill. The TCP team is confident that the risk assessment provided for the construction of the J. Smith & Associates Scottsdale AZ regional office fully addresses potential delay risks. All interested parties will be provided with daily emails and weekly reports indicating the progress of completion. Communication to all interested parties with solutions and updates to the project schedule will be provided immediately if any risk causes or may cause a delay.