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The phrase "action risk" is correct and usable in written English.
It can be used in contexts related to assessing the potential risks associated with taking a specific action or decision.
Example: "Before proceeding with the investment, we need to evaluate the action risk involved in this venture."
Alternatives: "risk of action" or "risk associated with action".
Exact(9)
But half-baked suggestions that Americans want generic "action" risk being misleading.
The report warned of "reputational, financial and/or regulatory action risk where payments made to investigators regardless of actual work completed are perceived as bribery or corruption".
Other courses of action risk losing the continuing participation of Mr. Trimble, a onetime intransigent Protestant leader whose transformation into moderate deal-broker within his party has made him something of an indispensable person in British eyes.
Five categories of risk information (average risk, site-specific average risk, activity risk (activity performance risk and activity consequence risk), period risk and time-dependent action risk) are proposed and applications for different types of decisions are discussed.
I've written here before about the dangers that chess poses for the young mind: like the abstractions of philosophy, the abstractions of chess, with its clearly defined space and variety of action, risk appearing more appealing and alluring than life itself.
In this typical PPP project, it is found that allocation of site acquisition risk and legal and policy risks to the public sector is more effective while private sector could effectively allocate the design and construction risks, operation risks and industrial action risk to the private sector.
Similar(51)
Yet one important factor could impede such action: risk-aversion on the part of local officials.
The likelihood of legal action risks slowing plans for expansion, in the short term.
The action risks aggravating tensions over currency levels, but it could have a more benign effect.
Military action risks a response that would endanger millions of Japanese and South Koreans and tens of thousands of American troops.
In a damning indictment of the party and its leader, the powerful home affairs select committee claims that Corbyn's lack of action "risks lending force to allegations that elements of the Labour movement are institutionally antisemitic".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com