Abstract: Methods and systems for assessing risks associated with a project. The method includes building a tier 1 library and a tier 2 library. The tier 2 library includes project templates specific to a service/product offering or project type. Building the tier 1 and tier 2 libraries includes identifying project activities associated with a project. The building also includes identifying at least one potential failure associated with each of the project activities, associating project activities that are determined to be generic to all projects with the tier 1 library, and associating project activities that are determined not to be generic to all projects with each of the project templates in the tier 2 library. The method also includes generating a project file from the tier 1 and tier 2 libraries, and calculating a baseline risk score for each of the project activities in the project file.