A project risk is a potential issue faced by the project team when carrying out the project or concerning the project outcomes.

 

A project may face risks of various kinds (e.g. delays, budgeted costs increase, inadequate deliverables quality); the kinds of risk can be defined through project risk types.

 

The Project Risks are not to be confused with operational risks, and concern only the project endeavor itself, not the operation of its deliverables after the end of project.

HOPEX Project Portfolio Management, HOPEX DoDAF V2.