In this final paper, the topic of developing a risk management application is addressed. Risk management is the entire process of identifying, assessing and monitoring risk, taking into account the objectives of the system, and taking the necessary actions to reduce risk through the application of management and control. The application allows to user a process of risk assessment and control in order to ultimately successfully and efficiently develop the desired system. Microsoft Access, which is used to manage databases, was used to create the application i tself. The theoretical part describes in detail the risks with all their characteristics, risk management processes and risk management methods that seek to improve the management and control of business security, and user requirements for application deve lopment. The practical part is the development of a risk management application with its functionalities.