Comparative analysis of risk assessment methods in project IT

The paper is targeted at the comparative analysis of practical applications of risk assessment methods of projects in IT industry. The study was based on an IT Project comprising 349 activities, wherein 8 were selected which were the most likely not to comply with the scheduled time, scope and budget resources. Next, four techniques were described and apply to provide the assessment of the same part of the project: 2x2 Matrix Method, Probability and Effects Matrix Method, Heeg’s Method, Failure Mode Effects Analysis. The obtained results were discussed and on the basis thereof, conclusion were formulated to select the method depending on the specificity of an IT Project.