@RISK | Best Risk Software in Excel (original) (raw)

See All Possible Outcomes using Monte Carlo Simulation

How @RISK Works

@RISK (pronounced “at risk”) software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. In this way, @RISK shows you virtually all possible outcomes for any situation. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.

Works with Microsoft Excel

Avoid Pitfalls and Uncover Opportunities with Risk Analysis

Model Risk Factors and Protect Yourself with Contingency Planning

Communicate Risk To Others

Endless Applications

As the pace of change in business continues to increase, organizations are challenged to increase margins and explore new opportunities for growth, all while reducing risk. @RISK is designed to meet these challenges.

Investment Planning & Portfolio Optimization. Simulate multiple portfolio assets (such as stocks, bonds, real estate, or projects) to maximize return while minimizing risk. Calculate Value-at-Risk, or the probability of different losses on a portfolio.

Cost Estimation. Get an accurate probabilistic estimate of materials and labor costs throughout the entire project. Understand the likelihood of going over budget under a variety of scenarios.

Engineering Reliability. Using Six Sigma calculations, gain insight into confidence levels around the risk of equipment failure or safety violations. Identify areas of weakness to ensure quality results and prevent failures.

Capital Reserves. Probabilistically forecast future claims or losses in order to determine optimal reserve levels. Perform stress testing on high-impact, low-probability events.

Oil, Gas, & Mineral Reserves. Assess the likelihood of prospective sites containing oil, natural gas, metals, or other minerals. Probabilistically estimate reserves and production decline in order to make wise drilling decisions.

Get Insights for Better Decisions

While @RISK provides sophisticated analytics, don’t be intimidated. All techniques @RISK uses are intuitive applications that integrate seamlessly with your existing Excel spreadsheets and provide actionable results with point-and-click ease.

Monte Carlo Simulation. By sampling different possible inputs, @RISK calculates thousands of possible future outcomes and the chances they will occur. This helps you avoid likely hazards — and uncover hidden opportunities.

100% Excel Integration. @RISK integrates seamlessly with Excel’s function set and ribbon, letting you work in a familiar environment with results you can trust.

Sensitivity Analysis. @RISK identifies and ranks the most important factors driving your risks so you can plan strategies — and resources — accordingly.

Graphs and Reports. @RISK offers a wide variety of customizable, exportable graphing and reporting options that let you communicate risk to all stakeholders.

Extensive Modeling Features. With a broad library of probability distributions, data fitting tools, and correlation modeling, @RISK lets you represent any scenario in any industry with the highest level of accuracy.

Customer Success Stories with @RISK

Learn how @RISK has helped decision makers to improve risk and decision analysis efforts.

Lumivero has the most complete collection of research, data and decision-making tools available anywhere, and we can help your whole team work better together — collaborating to aggregate, organize, analyze, and present your findings.

Lumivero’s enterprise licensing options offer volume pricing for teams and organizations needing nine (9) or more licenses.

Enterprise licenses allow the flexibility to install Lumivero software and solutions on multiple computers (up to the maximum number of licenses your organization has purchased) with a centralized management solution, putting you in control of your license management.

Lumivero’s team-based solutions allow you to:

Stay up-to-date with free upgrades to the latest releases

Reduce IT costs with one platform deployed across your organization

Reassign licenses to different users as teams evolve

Centralize license and subscription management in one place

Streamline budget allocation, especially for smaller groups and consultancy firms

Enjoy a Dedicated Customer Success Manager and pro-rated rates for new users

@RISK Key Features

Industrial Edition Features

FAQS

Frequently Asked Questions

What are the licensing options for @RISK and the DecisionTools Suite?

  1. Concurrent Network Licenses Concurrent network licenses provide flexibility by allowing an unlimited number of installations with a restriction only on the number of users who can access the software at the same time. This type of license also supports "borrowing" seats for remote use and allows access via remote desktop technology, offering additional flexibility for users on the go.
    • Permits multiple users with a restriction on simultaneous access
    • Allows seats to be "borrowed" for offline use with set time limits
    • Supports remote access from off-site locations
    • Uses a single serial number for all seats
  2. Subscription Licenses All Palisade software is available on a subscription basis, allowing you to choose a plan that fits your budget. Subscription licenses can be categorized as operating expenses and include full technical support along with free upgrades to new versions during the subscription term.
    • Flexible investment options
    • Classified as operating expenses
    • Includes free upgrades to the latest versions
    • Covers software maintenance updates, compatibility fixes, and patches
    • Offers 24/7 technical support with an online HelpDesk and KnowledgeBase
  3. Desktop Licenses Desktop licenses, or standalone licenses, are designed for individual users needing dedicated access on a single computer. This is ideal for users who require uninterrupted access to @RISK or the DecisionTools Suite on one machine.
    • For single-user access only
    • Installed on one computer per license
    • Each license comes with a unique serial number

Transform Uncertainty into Opportunity with @RISK

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