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@RISK 6: Risk and decision analysis software
@RISK allows you to perform risk analysis for Excel and Microsoft Project using Monte Carlo simulation! Add risk analysis to any spreadsheet model or Project schedule using Excel.
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Developer: Latest release: Operating systems: Type: |
Palisade Corporation 6.0 (2012) Windows Risk analysis |
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Contents:
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Overview
Wouldn’t you like to know the chances of making money – or taking a loss — on your next venture? Or the likelihood that your project will finish on time and within budget? How about the probabilities of finding oil or gas, and in what amounts?
Everyone would like answers to these types of questions. Armed with that kind of information, you could take a lot of guesswork out of big decisions and plan strategies with confidence. With @RISK, you can answer these questions and more – right in your Excel spreadsheet.
@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your spreadsheet model—and tells you how likely they are to occur. It mathematically and objectively computes and tracks many different possible future scenarios, then tells you the probabilities and risks associated with each different one. This means you can judge which risks to take and which ones to avoid, allowing for the best decision making under uncertainty.
@RISK also helps you plan the best risk management strategies through the integration of RISKOptimizer, which combines Monte Carlo simulation with the latest solving technology to optimize any spreadsheet with uncertain values. Using genetic algorithms or OptQuest, along with @RISK functions, RISKOptimizer can determine the best allocation of resources, the optimal asset allocation, the most efficient schedule, and much more.
Click here for a video of @RISK features (via Palisade Corporation’s website) »
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What’s New in @RISK Version 6.0?
@RISK Version 6.0 includes a wide range of improvements, including powerful new integration with Microsoft Project that allows you to perform risk analysis and Monte Carlo simulation on your Microsoft Project schedules – all from the @RISK for Excel platform! Other new features include easier-to-understand tornado charts, better graphing options, improved distribution fitting, new distribution functions, and much more. The Industrial edition now adds the OptQuest solving engine to RISKOptimizer, and features simulation of time-series forecasts.
Integration with Microsoft Project
The new version of @RISK for Excel integrates with Microsoft Project, allowing you to perform all your risk modeling from the more flexible Excel environment. @RISK now imports your Project schedules into Excel so that you can use all of Excel’s formulas, and @RISK’s features, on your Project models. Excel becomes a front-end for your Microsoft Project schedule, linking directly to the underlying .MPP(X) file. Changes made in either Project or Excel are reflected in the other. When it’s time to run your Monte Carlo simulation, Microsoft Project’s scheduling engine is used for the calculations, ensuring accuracy.
Time Series Simulation
@RISK now offers a new set of functions for simulating time series processes, or values that change over time. Any future projection of time series values has inherent uncertainty, and @RISK now lets you account for that uncertainty by looking at the whole range of possible time series projections in your model. This is particularly useful in financial modeling and portfolio simulation.
And more...
- Simplied Ribbon and toolbar
- Mini "pop-up" toolbar
- Detailed statistics and data with graphs
- Double-sided Tornado with Change in Output Values
- Spider graphs
- Integration with Microsoft Project for project risk modeling
(Pro and Industrial editions only) - Better distribution fitting
(Pro and Industrial editions only) - Time-series modeling
(Industrial edition only) - New distribution functions
- Converter for Crystal Ball models
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System requirements
- Pentium PC or faster with a hard disk
- Microsoft Windows 2000 SP4, Windows XP or higher>
- Microsoft Excel 2000 or higher
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Prices
| @RISK |
| Standard edition | £845.00 | |
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| Professional edition | £1095.00 | |
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| Industrial edition | £1550.00 | |
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If you are upgrading from a previous version of @RISK, please get in touch with our sales teams using the details below - stating the version you are upgrading from and your Activation ID.
To order @RISK software, please contact our sales team either by email: info@timberlake.co.uk, phone: +44 (0) 20 8697 3377 or fill out an online order form.
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Related software
Risk and decision analysis
The DecisionTools Suite
New version 6.0 - The complete risk and decision analysis toolkit, including @RISK, PrecisionTree, TopRank, NeuralTools, StatTools, Evolver, and RISKOptimizer.
The DecisionTools Suite is available in several languages (version 5.7): Spanish, Portuguese, French, German, Japanese and Chinese.
PrecisionTree
New version 6.0 - Visual decision analysis for Excel using decision trees.
@RISK for Project
Version 4.1 - Monte Carlo simulation add-in directly for Microsoft Project.
Data analysis
NeuralTools
New version 6.0 - Sophisticated neural networks for Excel.
StatTools
New version 6.0 - Advanced statistics toolkit for Excel.
Optimization
Evolver
New version 6.0 - Innovative optimization for Excel
Developer kits
@RISK Developer Kit
Add Monte Carlo simulation and reporting to any Windows or web application.
BestFir Developer Kit
Add distribution fitting to any Windows or web application.
Evolver Developer Kit
Add genetic algorithm optimization to any Windows or web application.
RISKOptimizer Developer Kit
Add genetic algorithm optimization combined with Monte Carlo simulation to any Windows or web application.
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