It is the full IEC 62305:2024 method, not a simplified estimator. Lumex computes every risk component and the four risks (R1 to R4) from the standard's coefficients, comparing R1, R2 and R3 against their tolerable risk and assessing R4 on cost-benefit. Every number on the report traces back to the clause behind it, and the
how it works page walks through the method.