The purpose of this study is to identify and analyze the risks accompanying the process of verification of measuring instruments in metrological services. Risks are analyzed within the framework of a holistic risk and opportunity management system aimed at identifying and managing potential threats and opportunities affecting the achievement of the ultimate goals of the organization. Risk is defined as a possible negative event that could affect project performance and is evaluated by probability of occurrence and possible consequences. The objectives of risk and opportunity management are aimed at ensuring the achievement of the capabilities of the metrology service under conditions of uncertainty. Effective risk assessment of the process of verification of measuring instruments requires a comprehensive approach. In this regard, in the course of the study the regulatory framework was considered, regulating activities in the field of ensuring the uniformity of measurements, identified internal and external environmental factors affecting the process of verification of measuring instruments, identified stakeholders in the field of metrology services. Procedures for risk identification, analysis, assessment and management have been developed within the system. The list of typical risks and opportunities in the process of verification of measuring instruments in the relationship with environmental factors and possible consequences for the organization is compiled. The developed list of potential risks and opportunities is typical for the process of verification of measuring instruments and therefore can be recommended to employees of metrological services of enterprises. With its help it is possible to assess in advance the potential risks and opportunities in the metrological field and to achieve a more effective result by minimizing the negative consequences.