KomFi. Academy

Risk

Project Management Professional glossary · Project Management Professional

Definition

An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives.

Risk in plain English

A weather forecast isn't the storm itself — and a flat tire on the road isn't a forecast. PMP is ruthless about that split. Risk sits in that risk/uncertainty toolkit so you don't treat a maybe like a now, or a now like a maybe. Hold onto this precise job description: An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives. On a stem, name whether Risk is about timing, ownership, measurement, or delivery style — then eliminate the answer that borrows a cousin concept from the wrong phase.

Sign up free: all 101 Project Management Professional terms as flashcards, plus practice questions with full explanations →

Related Project Management Professional terms

Project Management Professional practice questions · Project Management Professional flashcards · Project Management Professional study guide