@RISK (pronounced “at 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.
@RISK version 6 offers improvements to the XDK feature – the built-in Excel Developer’s Kit that enables you to automate and customize @RISK for Excel using Excel’s VBA programming language. The @RISK XDK now includes new functionality and greatly improved documentation to help you get started quickly.
Version 6 also includes faster simulation setup time for Project models, and has been translated into Russian. This is in addition to Spanish, Portuguese, French, German, Japanese, and Chinese. Users can specify the language at install, and even change languages later — all from the same installer. This is a major benefit to multinational companies seeking to roll out a single risk analysis standard around the world.
Product:Palisade @RISK v6.3.1