While academics and professionals overwhelmingly agree that current advances in manufacturing present tremendous capabilities to advance manufacturing processes, their view and awareness of the related risk management varies widely. We have developed a method of classifying digital technologies, assessing risk factors and assigning situation-specific mitigation strategies to a variety of digital manufacturing applications. It is based on the analyses of over 350 digital manufacturing projects and over 40 in-depth interviews with academic and industry experts.A classification of digital technologies and risk factors including fields of application serves as the basis for the web-based assessment and mitigation tool designed to evaluate digitalization projects in all areas of manufacturing and logistics as well as in all phases of development.