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An uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives. [ IEEE 1490 ]

Other Definitions

Risk [ IEEE 829
The combination of the probability of an abnormal event or failure and the consequence(s) of that event or failure to a system's components, operators, users, or environment.
Risk [ ISO/IEC 15026
A function of the probability of occurrence of a given threat and the potential adverse consequences of that threat's occurrence.
Risk [ IEEE 829
The combination of the probability of occurrence and the consequences of a given future undesirable event.


  • Generally used only when there is at least the possibility of negative consequences. In some situations, risk arises from the possibility of deviation from the expected outcome or event. Risk can be associated with software, systems, products, and projects. [ ISO/IEC/IEEE 24765 ]

See also



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