This paper tackles the subject of risk management in the specific context of citizen oriented innovative software development projects. Research hypotheses are enunciated. Research standards and methodology are defined. Using data collected from specialized scientific literature, the risk management issue is highlighted as an important aspect of fighting software development projects failure. Methods for identifying risk in innovative software development projects are submitted for debate. Risk patterns in citizen oriented applications are identified. Risk assessing tools are depicted and illustrated using a real life software development project’s data. Measuring risk is also performed in the context of an actual software development project. Risk monitoring procedures are submitted for analysis. Research hypotheses are validated. Research conclusions are formulated based on the facts, information, data, theories and results showcased throughout the article. Access full paper here.