A Research Review of Project Risk Assessment Methods

Based on the domestic and overseas researches of project risk assessment methods, this paper classifies project risk assessment methods into subjective judgment methods, evidence and deduction methods, system simulation methods and other methods. After exploring their definitions, advantages and disadvantages, this paper points out that subjective judgment and empirical analogy become two mainstream risk assessment methods. In the end, this paper claims that a risk assessment method does not need any unfathomable theory for its obvious engineering characteristics, but focuses on operability and applicability.