The development of the projects, especially in the software related field, due to its complex nature, could often encounter many unanticipated problems, resulting in projects falling behind on deadlines, exceeding budgets and result in sub-standard products. Although these all problems cannot be totally eliminated, but they can be controlled by applying Risk Management methods and techniques. This can help to deal with problems before they occur. Organizations who implement risk management procedures and techniques will have greater control over the management of the project. There are different types of techniques for find out the risks in the software or control the risk before they occurs. In this paper, we will make a review of various software risk management techniques which are used recently and are helpful in handling the various type risks which occur during the software project development.