What is the definition of a risk in project management?

In project management, a risk is defined as a factor that could result in future negative consequences. This definition captures the essence of risk as an uncertain event or condition that, if it occurs, can affect a project's objectives. Understanding risks in this way allows project teams to identify potential issues before they arise and assess the likelihood of these events occurring, as well as their potential impact on the project. This proactive approach is crucial for effective risk management.

The other options do not align with the definition of risk. For instance, stating that a risk is a guarantee of a successful outcome is fundamentally incorrect, as risks inherently involve uncertainty about potential adverse effects. Similarly, describing a risk as a certainty that an issue will arise mischaracterizes risk as it implies inevitability rather than potentiality. Lastly, a plan for risk mitigation refers to the strategies developed to manage risks, rather than defining what a risk is.