True or False: All risks will result in a negative consequence.

Risks in project management are defined as uncertain events or conditions that, if they occur, have a positive or negative effect on a project’s objectives1. Not all risks result in negative consequences; some can present opportunities that could benefit the project if capitalized upon. The goal of project risk management is to minimize the threats while maximizing the opportunities3.

References: = The information is verified using the PMBOK® Guide and the Project Management Institute’s resources on risk management123.