I propose developing an interactive risk assessment tool in Excel or Google Sheets that allows input of various risks, evaluates controls and determines a weighted residual risk score. The tool will consist of different risk categories, specific risk events, and three columns to enter scores on a 1-5 scale to calculate the inherent risk score, risk control score, and residual risk score. The residual risk scores for each risk event will be multiplied by their weight to produce a total risk score. The tool can be adjusted and a user manual will be provided.