Risk & Mitigation (platform tool)

A three-step risk workflow: score risks by probability × impact, plan mitigation strategies, and track the tasks that execute them.

What it is

Risk & Mitigation is a structured risk register for your venture, the kind investors and program managers expect you to have. It runs in three connected steps:

1. Risk Assessment → 2. Mitigation Planning → 3. Risk Actions

Each step reads from the one before it, so you don't retype anything.

Step 1: Risk Assessment

Add risks with a title, description, category (Market, Financial, Technology, Operational, Regulatory or General), Probability (1–5), Impact (1–5) and status (Open or Mitigated).

AI Risk Scan reads your Idea Book (problem, target audience, market, value proposition and Business Model Canvas) and proposes 6–10 distinct risks with suggested probability and impact. Risks with a title you already have are skipped. AI-generated risks are tagged AI. Review and adjust every score; the AI is guessing from what you wrote.

Risk score = Probability × Impact (1–25):

| Score | Severity | |---|---| | 20–25 | Critical | | 15–19 | High | | 10–14 | Medium | | 1–9 | Low |

Two views:

• Risk Register: a list you can filter by category.
• Risk Matrix: a 5×5 grid (probability × impact) showing where your open risks cluster. Mitigated risks are excluded.

Step 2: Mitigation Planning

Pick a risk from the list on the left. Its score is shown in the badge. Then add strategies:

| Strategy | When to use it | |---|---| | Mitigate | Reduce probability or impact | | Transfer | Shift it to someone else (insurance, contract, partner) | | Accept | Consciously live with it, usually for low scores | | Avoid | Change the plan so the risk no longer applies |

Each mitigation has a priority (Critical, High, Medium or Low), a description, and an action plan with one step per line. AI Suggest proposes 3–5 strategies for the selected risk.

Move each mitigation through Planned → In progress → Done. Mitigation progress is the share marked Done.

Step 3: Risk Actions

Turn strategies into tasks. Each task has a title, description, priority and an optional link to a mitigation. Update status as you go (Pending → In progress → Done). Filter by mitigation, mitigation status or task status, and sort by priority. Overall progress is completed tasks ÷ all tasks.

Tips

• Start with the AI scan, then delete anything generic. Five sharp risks beat twelve vague ones.
• Anything scoring 15+ should have at least one mitigation before you pitch.
• When a mitigation is done, go back to Step 1 and lower the probability or impact, or mark the risk Mitigated.

The Tools card shows your total risks and how many of the 3 workflow stages are complete.

Open Risk Assessment