This book is dedicated to the research in the field of software engineering. With the specialization in "Risk Handling and Identification". Software industry is the one of the largest field of research in today's world so, A comparative work has been shown in the chapters. A new concept is introduced for risk identification & handling in a better way. Key Features of this book - 1.Complete detail of risk categories. 2.Comparative study of researches have been done and the new concept. 3.Improvements are easily shown by charts and graphs. 4.Easily Understood language and literature.