which might impact a specific project, different techniques can be applied. It is important to use a method that the project team is most familiar with and the project will benefit from. The aim is to highlight the potential problems, in order for the project team to be aware of them. Authors describe many creative alternative methods. To systematize this process, all the methods which can be found in the literature have been put together in Table 3. (Smith et al. 2006; Lester, 2007; PMI, 2004)In the analysis of the identified risk, two categories of methods – qualitative and quantitativ have been developed. The qualitative methods are most applicable when risks can be placed somewhere on a descriptive scale from high to low level. The quantitative methods are used to determine the probability and impact of the risks identified and are based on numeric estimations (Winch, 2002). Winch, G., 2002. Managing construction projects, an information processing approach Oxford: Blackwell Publishing