Real-time monitoring of transient stability is crucial in power systems to avoid sudden blackout and power failure. Previously developed algorithms based on the concept of Maximum Lyapunov Exponent and Synchrophasor Measurements claim to have fast prediction of transient stability after a severe disturbance. In this paper, formerly established techniques for real-time transient stability assessment are implemented to the IEEE-39 bus test system for various fault case scenarios. Based on the obtained results from these techniques, a comparative analysis is performed to determine accuracy, effectiveness and robustness of each technique.