Risk Assessment vs RiskNote
Price, ratings, monetisation and update history for both apps, side by side ā with what reviewers say about each.
Risk Assessment
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BowTie Risk Manager turns complex organizational risks into a clear, interactive visual map. Ditch flat, rigid checklist forms. Easily generate professional risk assessments, dynamic risk registers, and executive-ready reports using traditional dropdown lists or a drag-and-drop canvas. Perfect for beginners needing simplicity, yet fully packed with advanced barrier-based features for veteran corporate consultants. Fully consistent with ISO 31000 international risk management principles. Designed for iPad and iPhone, with a separate version available for Mac. Used by risk professionals in more than 40 countries. APPLICATIONS ⢠Safety & HSE ā Hazards, causes, controls and consequences. ⢠Operational Risk ā Operational, asset and process risks. ⢠Compliance & Audit ā Controls, risk assessments and supporting documentation. ⢠Cybersecurity ā Threats, controls, consequences and recovery measures. ⢠Enterprise Risk ā Strategic, operational and organisational risks. KEY FEATURES ⢠Interactive bowtie diagrams with detailed information for each element. ⢠Customisable risk matrix. ⢠Referenced risk registers. ⢠Risk profile dashboard. ⢠Risk assessment and risk reduction reports. ⢠AI-assisted workflows for creating, reviewing and analysing risk assessments. ⢠PDF and JPEG diagram export. ⢠CSV data import and export. ⢠File exchange between Mac, iPad and iPhone. ⢠Local file storage with support for iCloud and other available storage locations. ⢠Full offline operation. ⢠No BowTie Risk cloud account required. AI-ASSISTED WORKFLOWS BowTie Risk prepares structured prompts for use with external AI tools such as ChatGPT, Claude and Gemini. Workflows support creating a risk assessment, reviewing and updating an existing assessment, analysing multiple risks, and reviewing causes, consequences and controls. Results can then be imported into BowTie Risk. AI processing is performed using the external AI service selected by the user. FREE EDITION Create two fully editable diagrams, with PDF and JPEG diagram export and CSV data export included. No time limit, credit card or BowTie Risk account required. PREMIUM ⢠Unlimited diagrams. ⢠Full risk assessment tools. ⢠Customisable risk matrices. ⢠Advanced bowtie features. ⢠AI-assisted workflows. ⢠Professional reports. ⢠Risk dashboard. ⢠Full CSV import and export. BowTie Risk is also available separately for Mac. App Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
RiskNote
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RiskNote is an AI-powered risk management app for individuals and small teams who need structured risk analysis without the complexity of enterprise GRC platforms. FEATURES ⢠AI-suggested risks based on your business context ⢠5x5 risk matrix with likelihood and impact ⢠Structured risk assessments aligned with ISO 27005, NIS2, and GDPR ⢠Professional PDF export for boards and auditors ⢠Support for 11 languages ⢠Risk register with search and filtering WHO IT'S FOR ⢠SME managers who need to demonstrate compliance readiness ⢠Risk, GDPR, and ISO 27001 consultants ⢠IT and security project managers PRICING ⢠Starter: $3/month ā core features ⢠Pro: $12/month ā full functionality ⢠Business: $29/month ā for small teams 7-day free trial, no credit card required. PRIVACY & SECURITY We don't collect unnecessary data. All AI processing happens in the EU. RiskNote is a product from VER&IT AB, Sweden. --- Privacy Policy: https://risknote.io/en/privacy Terms of Use: https://risknote.io/en/terms
Screenshots
Verdict
The clearest difference is update cadence: RiskNote at daily against Risk Assessment's weekly. RiskNote also leads on iOS requirement (15.1 vs 17.6). On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price Ā· Rating Ā· Positive reviews Ā· Number of ratings Ā· Update frequency Ā· Ads Ā· In-app purchases Ā· Monetization Ā· Best chart rank Ā· Devices Ā· Requires iOS
Both are free to download. Risk Assessment sells 2 in-app purchases, starting at $8.99 per month and RiskNote sells 6 in-app purchases, starting at $3.00 per month. Whichever you choose, the download price is not the number that matters.
Risk Assessment ships an update weekly, RiskNote daily. The most recent releases landed on November 8, 2026 and October 28, 2026 respectively.
| Parameter | Risk Assessment | RiskNote |
|---|---|---|
| Price | Free | Free |
| Update frequency | Weekly | Daily ā better |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Devices | iPhone, iPad | iPhone, iPod |
| Requires iOS | 17.6 | 15.1 ā better |
| Further details ā not scored | ||
| Size | 18 MB | 41 MB |
| Age rating | 4+ | 4+ |
| Developer | TECHNOLOGY AND RISK CONSULTANTS | VER & IT AB |
In-app purchases
Risk Assessment
- Monthly Subscription14 Days trial$8.991 Month
- Annual Subscription1 Month trial$69.991 Year
RiskNote
- Starter Monthly7 Days trial$3.001 Month
- Pro Monthly7 Days trial$12.001 Month
- Starter Yearly7 Days trial$25.001 Year
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- Business Monthly7 Days trial$29.001 Month
- Pro Yearly7 Days trial$99.001 Year
- Business Yearly7 Days trial$239.001 Year
Questions
Is Risk Assessment free?
Is RiskNote free?
Do Risk Assessment or RiskNote have ads?
Which is updated more often, Risk Assessment or RiskNote?
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