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What is PRC Software?

We provide a diverse range of risk management software solutions, which can be utilized as either cloud-based or on-site installations. Our online risk management tools enable users to efficiently monitor a variety of risks. Moreover, we offer tailored solutions for cost estimation and schedule duration simulations. It's crucial to recognize that making the risk management process overly complex can lead to inefficiencies and less than optimal results. At PRC, we emphasize risk analysis, auditing, and training based on our vast experience in sectors such as aerospace and defense, oil and gas, and engineering and construction. We strongly advocate for simplicity, as intricate processes can undermine effectiveness and squander valuable resources. Our training workshops empower participants with the knowledge to identify and address scheduling mistakes, ensuring that results are both accurate and reliable. By participating in these sessions, attendees gain valuable risk analysis skills that not only improve their project management abilities but also affirm their current project needs, ultimately promoting a more efficient risk management strategy. In doing so, we strive to create a culture of proactive risk management that benefits all stakeholders involved.

What is ModelRisk?

ModelRisk is an Excel add-in tailored for conducting Monte Carlo simulations, allowing users to integrate uncertainty into their spreadsheet models effectively. Since its launch in 2009, it has become a benchmark for innovation in the field, introducing a variety of technical features related to Monte Carlo techniques that facilitate the development, verification, and evaluation of risk models in a manner that aligns more closely with real-world complexities. By replacing uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately depict the uncertainty surrounding those values. Subsequently, ModelRisk utilizes Monte Carlo simulation methods to generate thousands of potential scenarios automatically. While Excel is employed for a multitude of analytical tasks, ModelRisk uniquely focuses on assessing the uncertainty present in the numerical outcomes of Excel models. This powerful tool has been embraced by users from diverse industries for risk analysis, highlighting its adaptability and effectiveness in managing uncertainty. Moreover, its capability to visualize results not only enhances user comprehension but also aids in making well-informed decisions, ultimately leading to better strategic outcomes. In an increasingly complex world, ModelRisk empowers users to navigate uncertainty with confidence.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS
On-Prem

Supported Platforms

Windows

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

PRC Software

Company Location

United States

Company Website

www.prcsoftware.com

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Categories and Features

Risk Management

Not specified

Categories and Features

Risk Management

Risk Assessment

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