Cimit Risk Assessment Score (RAS)
Cimit CoLab is a secure, web-based proposal management platform designed to streamline the innovator application process and provide valuable insights to partners.
The Cimit Risk Assessment Score (RAS) is a tool used to systematically evaluate risk and predict the probability of a project achieving commercial success. RAS assesses various risk categories — clinical, technical, commercial, and regulatory — based on information collected at project launch in order to gauge the likelihood of a project achieving commercial viability.
Key Features:
- Objective Risk Evaluation: RAS provides a structured, data-driven approach to assess project risks, ensuring unbiased decision-making.
- Comprehensive Risk Assessment: RAS evaluates multiple risk categories, providing a holistic view of project viability.
- Targeted Risk Mitigation: By identifying potential risks upfront, strategies can be implemented to address and reduce these risks before proceeding.
- Focus on Failure Prediction: The tool excels at identifying projects with high failure risks, enabling funders to prioritize successful investments.
- Adaptable Framework: RAS can be applied to a wide range of technologies and project types, making it versatile for different programs and solution types.