"An undesirable event which, if it occurs, can jeopardize the success of the project. These risks may affect cost or schedule." (Richard D Stutzke, "Estimating Software-Intensive Systems: Projects, Products, and Processes", 2005)
"A quantitative measure of the possibility of an accident, the product of the likelihood of the accident and its severity; in project management, an unwelcome impact on cost, effort, functionality, or schedule." (Bruce P Douglass, "Real-Time Agility", 2009)
"Threats to the management of equipment, finances, resources, technology, time frames, and people associated with specific projects." (Annetta Cortez & Bob Yehling, "The Complete Idiot's Guide To Risk Management", 2010)
"A risk related to management and control of the project." (Requirements Engineering Qualifications Board, "Standard glossary of terms used in Requirements Engineering", 2011)
"An uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives." (Cynthia Stackpole, "PMP Certification All-in-One For Dummies", 2011)
"Refers to the possibility of occurrence of an event, whether uncertain or of undetermined term, which is not entirely under the control of the people involved and is contrary to their expectations or interest. Risk can be voluntary, when a person acts despite being aware of that possibility." (Humbert Lesca & Nicolas Lesca, "Weak Signals for Strategic Intelligence: Anticipation Tool for Managers", 2011)
"Project risk is uncertainty that can affect outcomes. Risk can introduce a positive (opportunity) or negative (threat) change." (Mike Clayton, "Brilliant Project Leader", 2012)
"In the context of business decisions, the cost of a particular outcome. When a set of outcomes are possible, this cost is often weighted by the probability, if known, of that particular outcome occurring. Not to be confused with uncertainty, a term often used incorrectly to communicate the level of risk." (Kenneth A Shaw, "Integrated Management of Processes and Information", 2013)
"Combination of the probability or frequency of occurrence of a defined threat or opportunity and the magnitude of the consequences of the occurrence." (Chartered Institute of Building, "Code of Practice for Project Management for Construction and Development" 5th Ed., 2014)
"An uncertain event that, if it occurs, has a positive or negative effect on one or more objectives." (Paul H Barshop, "Capital Projects", 2016)
"The chance of a negative thing happening." (Pamela Schure & Brian Lawley, "Product Management For Dummies", 2017)
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