IT project risk assessment methods: a literature review

A key step of IT project risk management is risk assessment. Risk assessment methods rely on the problem and object to be addressed. This study introduces the process of IT project risk assessment and reviews applications of IT project risk assessment methods. Furthermore, we analyse and compare 20 methods for assessing risk in IT project. Finally, this study proposes a target-process-oriented framework for classifying IT project risk assessment methods. Differences of IT project risk assessment methods are also analysed.