What is classified as a 'risk' in project management?

In project management, 'risk' refers to events or conditions that could impact the success of a project, either positively or negatively. This encompasses uncertainties that may arise during the project's lifecycle, which can affect timelines, budgets, performance, and stakeholder satisfaction. Recognizing these potential events allows project managers to implement strategies for mitigation or exploitation, helping to ensure project objectives are met effectively.

The other options do not fit the definition of risk. A fact about a project is simply an established piece of information and does not imply uncertainty or potential outcomes. A detailed project plan outlines the path to project completion but does not represent risk; it demonstrates how the project will be executed. Lastly, project tasks themselves are specific actions or steps required to complete the project, and while they may contribute to risks, they do not define what a risk is. Therefore, the classification of risk as events affecting the success of the project is both accurate and essential for effective project management.