1. A computer program product embodied on a non-transitory computer readable medium, comprising computer code for: requesting that a user define a plurality of inputs associated with at least one software testing project; receiving from the user the plurality of inputs associated with the at least one software testing project, in response to the requesting; identifying risk elements utilizing the plurality of inputs; calculating a risk level for each of the identified risk elements, where the risk level is calculated based on an importance of an action associated with the risk element, a level of impact of the action on the at least one software testing project, and a duration of time required to fix an issue corresponding to the action; assigning a weight to each of the identified risk elements, the weight capable of being adjusted based on user feedback; calculating an overall risk for the at least one software testing project, utilizing the risk level for each of the identified risk elements and the weight for each of the identified risk elements; comparing the overall risk for the at least one software testing project to a defined threshold; and conditionally sending an alert notification, based on the comparing.