Risk Wizard review
A configurable cloud risk system for teams that need structured assessment and reporting.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Risk Wizard is a cloud-based risk management information system for organisations managing strategic, operational, enterprise and other business risks. It supports risk identification, consequence-and-likelihood analysis, prioritisation, treatment, monitoring and action plans. The product is aimed at individual users, risk teams and enterprise risk-management deployments, with positioning across education, government, finance, utilities and healthcare. Compliance and incident-management products are also available separately or together with the risk product.
Configuration is a central strength. Teams can define risk criteria and input forms, rename data fields and terminology, and tailor dashboards, graphical widgets and report templates. Risk treatment workflows include email alerts, reminders and escalation paths, while role-based and record-level access controls support differentiated access to records. PDF and Excel exports provide practical routes for sharing or further handling risk information. For organisations that need structured registers, quantitative analysis, workflow automation and board-ready reporting, this breadth should be useful; teams seeking only a simple risk list may find the feature set more extensive than necessary.
The commercial model is contact sales, with pricing depending on selected products and the number of core users. There is no perpetual free plan, while the available 30-day access is a demonstration-site trial. Risk Wizard runs on the web and connects with SAML 2.0 identity providers, Microsoft Azure AD, Okta, Google Workspace and Amazon Web Services. Those identity options suit organisations with established access-management environments. It is a strong fit for teams that value configurable risk governance and formal reporting; smaller groups wanting transparent self-service pricing or a permanently free option should look elsewhere.
Risk Wizard pros and cons
- Where it wins
- Custom risk fields, criteria, forms and terminology
- Dashboards, graphical widgets and custom report templates
- Role-based access, alerts, escalations and identity integrations
- Where it doesn't
- Pricing requires contacting sales
- No perpetual free plan
- Available through the web platform only
Risk Wizard fact sheet, pricing and score →
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