An Excel add-in for Monte Carlo simulation and risk analysis, providing tools to model uncertainty and analyze a range of possible outcomes directly in spreadsheets.
RiskAMP
- Excel
- Data Analytics, Finance, Mathematics, Simulation
- Financial, Project Management, Risk Analysis, Simulation, Statistical Analysis, User experience (UX)
Features:
- Monte Carlo simulation, probability distributions (Normal, Lognormal, Uniform, Triangular, etc.), correlation modeling, sensitivity analysis, scenario analysis, results visualization (histograms, cumulative charts), simple to use functions
Pricing:
- Paid
- User-friendly for Monte Carlo simulation in Excel, makes it easy to add uncertainty to spreadsheet models, good for financial modeling, project risk, and general decision analysis under uncertainty.
- Commercial software, may have fewer advanced features or distributions compared to more comprehensive risk analysis suites (like @RISK or ModelRisk), documentation and support resources might be less extensive.
Best for:
- Excel users needing a straightforward and easy-to-use tool for performing Monte Carlo simulations and basic risk analysis directly within their spreadsheets, particularly for financial and project models.