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IEC Technical Committee 81 is currently creating the new IEC 62305 series of standards on Lightning Protection. Working Group 9 is responsible for Part 2 of this series, which deals with the assessment and management of risk its CDV (Committee Draft for Voting) stage and has been circulated to National Committees for comment. The paper details the development of the Simplified IEC Risk Assessment Calculator software tool as described in Informative Annex J of IEC62305-2 Ed.1/CDV 2. This tool is intended as a simplified implementation of the more rigorous treatment of risk management found in the written document. It is designed to be relatively intuitive for users who wish to obtain an initial assessment of risk sensitivity, but should not be considered a substitute to a full understanding of the methods provided in the standard when dealing with more complicated structures or those where greater risks to personal or system operation are involved.