Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • Innoslate Reviews & Ratings
    73 Ratings
    Company Website
  • BrandMap® 10 Reviews & Ratings
    Company Website
  • EASA Reviews & Ratings
    18 Ratings
    Company Website
  • ManageEngine EventLog Analyzer Reviews & Ratings
    154 Ratings
    Company Website
  • Harmoni Reviews & Ratings
    14 Ratings
    Company Website
  • OpenPro ERP Reviews & Ratings
    15 Ratings
    Company Website
  • NaviPlan Reviews & Ratings
    Company Website
  • BrandMail Reviews & Ratings
    276 Ratings
    Company Website
  • CREDITONLINE Reviews & Ratings
    16 Ratings
    Company Website
  • Forms On Fire Reviews & Ratings
    379 Ratings
    Company Website

What is RiskAMP?

RiskAMP serves as an all-encompassing Monte Carlo simulation engine tailored for Microsoft Excel®, facilitating a seamless connection with the software's functionalities and interface. The RiskAMP Add-in equips users with a robust set of tools for embedding risk analysis into their spreadsheet models, making the process more efficient and budget-friendly compared to numerous alternatives. It boasts an intuitive integrated ribbon toolbar and includes VBA scripting support, with the added convenience of automatically producing charts and graphs. The introduction of RiskAMP 6 brings enhancements such as the PERT distribution for project and cost assessments, over 40 random distributions—some of which are correlated and multivariate—and the capability to automatically generate histogram and correlation charts. Additionally, the tool supports Latin Hypercube sampling, Las Vegas simulation techniques, and distribution fitting, while also being natively compatible with Windows on ARM architecture. RiskAMP caters to users of Excel versions from 2013 to 365, available in both 32-bit and 64-bit formats, and it also provides access to a web-based risk platform called RiskAMP Web. This wide-ranging compatibility ensures that many users can take advantage of enriched risk analysis features in their Excel applications while enhancing their decision-making processes.

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

Microsoft Excel

Integrations Supported

Microsoft Excel

API Availability

Has API

API Availability

Has API

Pricing Information

$16.95 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RiskAMP

Date Founded

2005

Company Location

United States

Company Website

www.riskamp.com

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Categories and Features

Statistical Analysis

Analytics
Association Discovery
Compliance Tracking
File Management
File Storage
Forecasting
Multivariate Analysis
Regression Analysis
Statistical Process Control
Statistical Simulation
Survival Analysis
Time Series
Visualization

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Popular Alternatives

Lumenaut Reviews & Ratings

Lumenaut

Lumenaut

Popular Alternatives

RiskyProject Professional Reviews & Ratings

RiskyProject Professional

Intaver Institute
LiveLink for MATLAB Reviews & Ratings

LiveLink for MATLAB

Comsol Group
Analytica Reviews & Ratings

Analytica

Lumina Decision Systems
MCM Alchimia Reviews & Ratings

MCM Alchimia

Alchimia Software
Analytic Solver Reviews & Ratings

Analytic Solver

Frontline Systems
SPC for Excel Reviews & Ratings

SPC for Excel

BPI Consulting, LLC
@RISK Reviews & Ratings

@RISK

Lumivero