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In the modern era of software engineering, the development of software in static and dynamic environment results in several vulnerabilities that need to be handled so that they do not step in with the clear defined project goals. Previous studies show that the wide variety of different risk analysis strategies provide a valid solution to address the lack of risk management strategies in Software risk assessment model (SRAM), Software risk assessment and estimation model (SRAEM) etc. In this paper we have discussed the comparison between different software risk assessment models corresponding to certain risk elements. These risk elements must be taken into account in order to cover some perspectives of the software industry which have not been covered up to now. Based on this analysis, we have also concluded the weaknesses and strengths of risk assessment models.