An Excel add-in for risk analysis and decision making under uncertainty using Monte Carlo simulation.
@RISK by Palisade
- Excel
- Data Analytics, Mathematics, Project Management, Quality, Simulation
- Project Management, Risk Analysis, Risk Management, Simulation, Statistical Analysis
Features:
- Monte Carlo simulation, risk modeling, sensitivity analysis, tornado charts, decision trees, stress analysis, PERT charts, distribution fitting, reporting tools
Pricing:
- Paid
- Powerful for quantitative risk assessment, wide range of statistical distributions, excellent integration with Excel, good for financial modeling and project risk management.
- Commercial software (can be expensive), steep learning curve for advanced features, simulations can be computationally intensive for very complex models.
Best for:
- Professionals in finance, project management, engineering, and other fields needing to perform quantitative risk analysis and make decisions under uncertainty.