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Noun: A situation involving exposure to danger: “2nd October has a risk of being a dry day”.
Verb: Expose (someone or something valued) to danger, harm, or loss: “Liquor shops can’t risk being open on a dry day”.
noun. hazard – peril – jeopardy – danger – venture – chance
verb. hazard – venture – jeopardize – adventure – chance

Definition for Risk Management:
Web definitions: The process of identification, analysis and either acceptance or mitigation of uncertainty in decision-making and process.

Definition for Risk Mitigation:
Web definitions: The actions taken to avoid, transfer or mitigate risks within a project.

Example of Risk Mitigation:

Risk Mitigation Plan

Risk Mitigated on 1st October