How sure are we about the predictions made with our Excel model?.Vose Software, the company behind ModelRisk, and other integrated suites of state-of-the-art risk analysis and management tools, addresses three main questions every decision-maker needs to know:
We have also included Alex Sidorenko’s personal review of this software, providing his insights and opinion, which adds value to the community, considering Alex’s extensive experience using multiple Risk Management solutions. Below you can find the main features of this free tool, the download links, including free example models that you can use to quickly start working on your models. This great free tool was flagged to us by our friend and contributor Alex Sidorenko, founder of the well known Risk Academy. ModelRisk has been the innovation leader in the marketplace since 2009, being the first to introduce many technical Monte Carlo method features that make risk models easier to build, easier to audit and test, and more precisely match the problems you face. ModelRisk is a Monte Carlo simulation FREE Excel add-in that allows the user to include uncertainty in their spreadsheet models.
