Riskwell Protect logo

Riskwell Protect

by Riskwell · Since 2020
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ActiveAvailable globallyCloud
Quick facts
VendorRiskwell
Year launched2020
StatusActive
LocationLondon, United Kingdom
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Riskwell Protect

Riskwell Protect is a SaaS risk management software designed to integrate risk analysis into organizational decision-making. It facilitates collaboration, maintains up-to-date risk data, and supports adherence to standards like ISO 31000.

Riskwell Protect™ is cloud-based risk and decision management software designed to help organisations integrate risk into business, project and operational decision-making rather than treating it as a separate reporting function. Its primary purpose is to provide a shared, continuously updated view of risks, opportunities, mitigations and actions across portfolios, programmes and projects. Key features include customizable risk registers, mitigation/action registers, role-specific dashboards, alerts, impact aggregation, Monte Carlo analysis, investment dashboards with histograms, S-curves and tornado maps, scenario planning, what-if analysis, weighted risk analysis and a bespoke report designer with 20 initial reports. The platform is designed for collaboration across departments, partners and governance teams, helping users identify risks, assign mitigation actions and monitor close-out. Its interface emphasizes customizable dashboards and intuitive reporting, while the cloud SaaS model provides automatic updates and access from anywhere. Riskwell also offers Riskwell Prime™, which links risks to corporate and project objectives using pairwise comparison, impact weighting and weighted risk scores, extending Protect’s analytical capabilities. The software is supported by The Riskwell Way methodology, implementation services, consulting and training, including ISO 31000-aligned risk management programmes.

Pros & Cons

Pros
  • Focuses on integrating risk management directly into business decision-making processes.
  • Designed to break down information siloes and promote cross-functional collaboration.
  • Industry-agnostic platform suitable for various sectors including infrastructure, energy, and manufacturing.
  • Part of a comprehensive ecosystem including methodology, training, and consulting services.
  • Delivered as a SaaS product, ensuring users receive regular updates and new features.
Cons
  • Pricing information is not publicly available and requires contacting the vendor for a demo or quote.
  • The website does not provide specific details on integrations with other business systems.
  • No native mobile applications for iOS or Android are mentioned.

Features

Key features

Collaborative Risk Management

Designed to break down risk siloes and encourage collaboration across business functions.

Data-Driven Decision Making

Focuses on maintaining evergreen risk data to drive analysis and inform decisions without delay.

Action and Mitigation Management

Tracks mitigation optionality and ensures close-out management for identified risks.

Standards Adherence

Built to facilitate best practices in risk management, referencing standards such as ISO 31000.

Multi-Level Analysis

Features multi-tagging capabilities to allow for the analysis of risks at every level and function of the organization.

Additional features

Risk and Action Registers

Provides central registers for tracking risks and their corresponding mitigation actions.

Dashboard Reporting

Offers dashboard views for reporting and monitoring risk status.

Monte Carlo Analytics

Includes built-in Monte Carlo analytics for quantitative risk analysis.

Objective Alignment

Works with Riskwell Prime to align risks directly to corporate objectives for better prioritization.

SaaS Delivery Model

Delivered as a secure SaaS product, providing regular upgrades and new features.

Central Administrator Dashboard

Features system-wide setup controls supplied with example templates, registers, impact tables, and dashboard formats.

Multi-Tagging Capability

Tags risks across diverse business functions to ensure unified cross-departmental risk analysis.

Action Close-Out Management

Tracks control measures and actively manages mitigation close-outs to reduce project threats.

Quantitative & Statistical Impact Modeling

Utilizes precise statistical calculations and precise quantitative modeling to evaluate potential risks.

Cloud-Based SaaS Architecture

Delivers remote web-based access along with automatic feature updates and enhancements included in the license fee.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD

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