The change of management of AAA Concrete from husband and wife to their three children would be considered a risk to the project. The children do not offer similar quality materials as their parents, which would pose challenges for the restaurant since it plans to have a large concrete balcony for fresh air dining. The issue of quality serves as one of the major thing that leads the project to pose risks. Since the new management is associated with quality issues, the project would be expected to have risks. They might be incapable of meeting basic levels of the project, which might result to rework, hence triggering the project to fail. Furthermore, with by handing down the management of AAA Concrete to the three children, the change management issue would also emerge. The project would grow in complexity due to changes in management, which might lead to perceptions pertaining to failure of the project since new budgets as well as time would be added to the project. Additionally, technical risk would result, particularly because the new management of the company would introduce low quality components, which would affect the stability, usability, extensibility, and scalability of the project (Mar, 2013) . For the project manager, the ideal thing worth doing in order to deal with the project would entail changing the supplier or require them to supply quality products that would meet the requirements of the project (Dcosta, 2018) . The project manager should ensure to assess that the products supplied by AAA Concrete to allow the organization to complete the fresh air dining area in a manner that meets the requirements of the organization without posing any threat to the customers. In the event that the AAA Concrete is incapable of offering the new products, the project manage should ensure to search for products form other organization capable of meeting the quality standards for the new project.
In the event of the employee approached by someone selling second hand commercial freezer and oven that would allow the organization to realize savings of around $50,000 when compared to buying new items, I would opt for new items. New items usually last longer while they provide individuals with increased opportunities for choosing from a variety of them based on the requirements of the organization. New items have warranties, which make it possible for returning the products if they are faulty unlike the case of the second hand items, which the seller might not accept returns (Snyder, 2013) . Buying new items would also provide the project manager with the opportunity for selecting diverse products depending on the project needs. A second hand product might not serve all the needs of the restaurants. They would also increase to costs, especially if the second hand products are faulty and they require regular maintenance. However, in the event that the second hand items are accepted, a change document would be required (ProjectManagement, 2018) . The change document would create an avenue in which different stakeholders would be involved in the process, including project sponsor, project manager, and other stakeholders to ensure that purchasing the second hand items do not subject the organization to risks.
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A scenario relating to project risk would relate to where the organization lacks resources. The organization might be incapable of acquiring some of the parts that it might require for the project, particularly in the event whereby a natural disaster hits the supplying company. In this kind of situation, the project manager would need to think of the resources needed for the project and approaches that would require deploying in the absence of projects. This might revolve around having alternative suppliers (ProjectManagementTips, 2014) . The project manager might also need to add more time for completing the project because of delays in acquiring the needed materials.
References
Dcosta, A. (2018). A project manager’s change control document. Retrieved from https://www.brighthubpm.com/change-management/110913-change-control-document-for-project-managers/
Mar, A. (2013). 22 types of project risk. Retrieved from https://management.simplicable.com/management/new/22-types-of-project-risk
ProjectManagement. (2018). Types of risk in project management. Retrieved from https://project-management.com/types-of-risk-in-project-management/
ProjectManagementTips. (2014). 5 common project risks and what to do about them. Retrieved from https://pmtips.net/blog-new/5-common-project-risks
Snyder, T. (2013). Advantages and disadvantages of used equipment. Retrieved from http://www.murraymh.com/advantages-and-disadvantages-of-used-equipment/
