Risk Assessment Software

Risk Matrix

Configure a 5x5 or 4x4 risk matrix to assess risk likelihood and impacts.

Animated view of risks moving across the matrix from pre-treatment to post-treatment ratings within Mastt’s Risk Matrix.
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Simplify risk assessment with a clear visual risk matrix

Create, score, and manage risks in a single risk matrix aligned to your project. Assign likelihood and consequence to calculate risk ratings automatically and maintain a clear record of risk impact and ownership.

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Plot risks by likelihood and consequence

Standardize how your team assesses risk severity using a clear matrix structure. Each risk is positioned based on defined likelihood and consequence levels, giving you an instant view of exposure.

📝 Create risk entries with descriptions, categories, and ownership.

📈 Display likelihood levels from Rare to Almost Certain on the horizontal axis.

📊 Show consequence levels from Insignificant to Catastrophic on the vertical axis.

📍 Plot each risk automatically based on assigned ratings.

Instantly see risk severity with color-coded zones

Quickly distinguish low, moderate, and high risks without reviewing individual records. The color-coded grid highlights which risks require attention and escalation.

🟢 Green zones identify low-risk items.

🟡 Yellow zones highlight moderate risks.

🔴 Red zones surface high or extreme risks.

Executive Dashboard for Capital Improvement Programs
Executive Dashboard for Capital Improvement Programs

Support structured risk reviews and reporting

Use the risk matrix as a visual control tool during risk workshops, governance reviews, and executive reporting. Keep discussions focused on risk exposure and priority areas.

📊 Present a visual summary of project risk exposure.

📋 Maintain consistent risk assessment criteria across teams.

🔍 Track how risks move across the matrix over time.

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FAQs about Risk Assessment Software

Risk assessment software is a digital tool used to identify, evaluate, and prioritize risks using defined scoring criteria. It centralizes risk registers, supports risk matrix visualization, and enables structured reporting.
Visual risk assessment gives project teams a clear view of overall risk exposure. A risk matrix shows which risks carry the greatest consequence and likelihood, helping decision-makers focus attention where it is needed most.
The risk matrix is built for project managers, risk managers, project controls teams, and owners overseeing construction projects. It supports structured risk reviews, governance reporting, and program-level oversight.
Mastt displays risks on a grid with likelihood from Rare to Almost Certain and consequence from Insignificant to Catastrophic. Each risk is positioned automatically based on its assigned ratings, with color-coded zones indicating severity.
Yes. The matrix uses green, yellow, and red zones to represent low, moderate, and high or extreme risks. This visual layout helps teams prioritize mitigation actions quickly.
Mastt applies defined likelihood and consequence scales to standardize risk ratings. This promotes consistent evaluation criteria across projects and improves the quality of executive reporting.

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Risk Register

Eliminate spreadsheet risk registers with a single, easy to use table for project & program risks.

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Causes

Identify the cause of a risk and apply impacts & treatments.

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Risk Matrix

Configure a 5x5 or 4x4 risk matrix to assess risk likelihood and impacts.

Learn more

Treatments (Mitigations)

Add treatments to reduce the impact or likelihood of a risk occurring.

Learn more

Impacts (Consequences)

Add impacts to a risk and assess the pre-treatment likelihood and impact rating.

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"Moving to Mastt is one of the best decisions my team has ever made. It’s cost-effective, easy to use, and a quick set up."

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