This research paper presents a risk assessment framework developed through the integration of the Scrum process with a Computer-Aided Software Engineering (CASE) tool, specifically Microsoft Excel. The framework aims to automate risk assessment processes, facilitating more accurate calculations of risk based on impact and probability using a matrix system. Initially, data is collected and recorded in the Risk Register, serving as the foundation for risk evaluation. The integration of the CASE tool enhances the efficiency and effectiveness of the process, allowing for real-time updates and tracking of risks. As updates occur within the Risk Register, a real-time dashboard is generated, providing stakeholders with an immediate overview of the risk landscape. The dashboard feature significantly improves decision making capabilities by presenting visual insights into risk levels and potential impacts on the projects. This dynamic monitoring tool is crucial for effective decision-making and timely responses to emerging risks. By leveraging agile methodologies design, this framework not only streamlines the risk management process but also ensures that relevant data is readily accessible to project teams. The findings from this research contribute to the fields of project management and software engineering by demonstrating the benefits of incorporating agile approaches with automated tools in risk assessment. The potential implications of this framework extend beyond individual projects, offering a model that can be adopted by various organizations seeking to enhance their risk management practices in a streamlined and efficient manner. Keywords: Risk Assessment, Scrum, CASE Tool, Risk Register, Dashboard