Mitigate Risks
From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from @RISK. @RISK integrates directly into Microsoft Excel and employs Monte Carlo simulation to map out all possible scenarios and the probability they will occur – taking the guesswork out of big decisions. With @RISK, you can calculate the chances of making money on your next venture, staying within budget, and more to plan strategies with confidence. Buy now or request a free trial to start uncovering new opportunities.
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See All Possible Outcomes using Monte Carlo Simulation
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How @RISK Works
@RISK (pronounced “at risk”) software is an add-in tool for Microsoft Excel that helps you make better decisions through risk modeling and analysis. It does this using a technique known as Monte Carlo simulation. @RISK’s Monte Carlo analysis computes and tracks many different possible future scenarios in your risk model, showing you the probability of each occurring. In this way, @RISK shows you virtually all possible outcomes for any situation. This probabilistic approach makes @RISK a powerful tool that you can use to judge which risks to take and which ones to avoid — critical insight in today’s uncertain world.
Works with Microsoft Excel
Avoid Pitfalls and Uncover Opportunities with Risk Analysis
Plan Better Strategies
Model Risk Factors and Protect Yourself with Contingency Planning
Communicate Risk To Others
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Endless Applications
As the pace of change in business continues to increase, organizations are challenged to increase margins and explore new opportunities for growth, all while reducing risk. @RISK is designed to meet these challenges.
Investment Planning & Portfolio Optimization. Simulate multiple portfolio assets (such as stocks, bonds, real estate, or projects) to maximize return while minimizing risk. Calculate Value-at-Risk, or the probability of different losses on a portfolio.
Cost Estimation. Get an accurate probabilistic estimate of materials and labor costs throughout the entire project. Understand the likelihood of going over budget under a variety of scenarios.
Engineering Reliability. Using Six Sigma calculations, gain insight into confidence levels around the risk of equipment failure or safety violations. Identify areas of weakness to ensure quality results and prevent failures.
Capital Reserves. Probabilistically forecast future claims or losses in order to determine optimal reserve levels. Perform stress testing on high-impact, low-probability events.
Oil, Gas, & Mineral Reserves. Assess the likelihood of prospective sites containing oil, natural gas, metals, or other minerals. Probabilistically estimate reserves and production decline in order to make wise drilling decisions.
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Get Insights for Better Decisions
While @RISK provides sophisticated analytics, don’t be intimidated. All techniques @RISK uses are intuitive applications that integrate seamlessly with your existing Excel spreadsheets and provide actionable results with point-and-click ease.
Monte Carlo Simulation. By sampling different possible inputs, @RISK calculates thousands of possible future outcomes and the chances they will occur. This helps you avoid likely hazards — and uncover hidden opportunities.
100% Excel Integration. @RISK integrates seamlessly with Excel’s function set and ribbon, letting you work in a familiar environment with results you can trust.
Sensitivity Analysis. @RISK identifies and ranks the most important factors driving your risks so you can plan strategies — and resources — accordingly.
Graphs and Reports. @RISK offers a wide variety of customizable, exportable graphing and reporting options that let you communicate risk to all stakeholders.
Extensive Modeling Features. With a broad library of probability distributions, data fitting tools, and correlation modeling, @RISK lets you represent any scenario in any industry with the highest level of accuracy.
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Customer Success Stories with @RISK
Learn how @RISK has helped decision makers to improve risk and decision analysis efforts.
- "@RISK helps Petrobras reduce the calculation time for projections that used to take thousands of hours to a single day. If you multiply the saved hours by staff pay rates, you can get a pretty good picture of some huge cost savings." Rafael Hartke Financial Planning, PetrobrasREAD THE CASE STUDY
- "The combination of our data and @RISK's technology has given us the confidence to predict exactly what risks we face, as a result of which we do not need to pay so much for our insurance." Ulrik Mester Risk Management Consultant at Post DanmarkREAD THE CASE STUDY
- "@RISK tells us the probability of making our contractual dates and highlights any areas of risk that we may not have identified. We want to know what it’s going to take to hit our milestones on time – for example, launch is extremely important." Michael Watson Integrated Program Planning - NASA Orion Multi-Purpose Crew Vehicle, Lockheed MartinREAD THE CASE STUDY
- "@RISK gives us the power to perform Monte Carlo methods in a single cell in Excel. This saves us time and simplifies the spreadsheets we work in." Liran Blasbalg Actuarial Analyst, DeloitteREAD THE CASE STUDY
- "We love @RISK because it incorporates distribution fitting and gives us the flexibility to evaluate alternative distributions on screen." Art Misyan MerckREAD THE CASE STUDY
Industries Using @RISK
Enterprise Licensing
Better Research, Insights, and Outcomes for All
Whether your organization’s focus is qualitative, quantitative, or mixed methods data analysis, we can help your whole team work better together — collaborating to aggregate, organize, analyze, and present your findings. Lumivero’s enterprise licensing options offer volume pricing for teams and organizations needing nine (9) or more licenses.
Enterprise licenses allow the flexibility to install Lumivero software and solutions on multiple computers (up to the maximum number of licenses that your site has purchased) with a centralized management solution.
Lumivero’s team-based solutions allow you to:
Stay up-to-date with free upgrades to the latest releases
Reduce IT costs with one platform deployed across your organization
Reassign licenses to different users as teams evolve
Centralize license and subscription management in one place
Streamline budget allocation, especially for smaller groups and consultancy firms
Enjoy a Dedicated Customer Success Manager and pro-rated rates for new users
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@RISK Key Features
General
Interface
Modeling
Simulation
Simulation Results
Industrial Edition Features
RISKOptimizer
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Monte Carlo simulation | Shows possible outcomes to avoid pitfalls and identify opportunities |  | |
| 100% Excel calculations for simulation | Highest level of accuracy, and maximum use of multi-core processors for speed | | |
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Seamless Integration into Microsoft Excel | Never leave your spreadsheet; get up to speed quickly | | |
| Intuitive toolbars and right-click menus | Easy navigation—multiple ways to perform common tasks | | |
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Distribution Palette and Insert Function command | Easy and accurate definition of uncertain factors | | |
| Distribution Fitting and Distribution Artist | Use data and expert judgment to define uncertain factors | | |
| Over 90 built-in distribution functions | Represent virtually any uncertain factor for accurate modeling | | |
| @RISK Function Swap | Remove (and later restore) @RISK functions for sharing models with non-@RISK users | | |
| Predefined Distributions | Create customized distributions with your own parameters and names | | |
| Compound function | Combines two distributions into one, to streamline insurance or other large models | | |
| Percentile distribution parameters | More flexible ways to define uncertainty | | |
| Correlation and Copulas | Standard correlation available, along with copulas, which provide sophisticated methods for correlating uncertain @RISK variables that allow more control over the correlation pattern | | |
| @RISK Data Viewer | Display any spreadsheet data using all @RISK charts and graphing options | | |
| Excel Developer Kit (XDK) | Automate and customize @RISK for Excel through a library of commands and functions that let you control every aspect of @RISK in your spreadsheet | | |
Gaining Insights into your Inputs
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Demo Mode and live updating | Graphs and reports update during simulation for illustration to others | | |
| Extensive settings control | Customize simulations to specific needs | | |
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Fully customizable, presentation-quality graphs | See the impact of risk and communicate to stakeholders | | |
| Reporting in Office | All graphs and charts can be exported to Excel, Word, and PowerPoint in native chart format for easy distribution to others | | |
| Customized Excel Reports | Create exactly the simulation results reports you want directly in Excel, automatically formatted for optimal viewing. Apply Excel themes to your graphs. | | |
| Histograms, area, line, cumulative, summary, box plot, and overlay graphs | Variety of graphing and charting options for easy, accurate communication | | |
| Tornado charts and scatter plots | Visually identify critical factors and trends, overall and for particular scenarios | | |
| Sensitivity and Scenario Analysis | Identify the individual tasks that have the most impact on results, and the particular scenarios that lead to certain results | | |
| Six Sigma functions | Report Six Sigma statistics for quality analysis | | |
| Stress Analysis | Lets you control the range that is sampled from a distribution function, enabling you to see how different scenarios affect your bottom line without changing your model | | |
| Advanced Sensitivity Analysis | Lets you see how changes in any input—distributions or regular values—affect simulation results | | |
| @RISK Goal Seek | Uses multiple simulations to find an input value that achieves a target simulation result you specify | | |
Gaining Insights into your Models
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Simulation of Time-series forecasts | Understand the risks in values that change over time |  | |
| Correlation of Time Series | It is possible to correlate two or more time-series functions so that during each iteration the array of values returned by the individual time series are subject to the specified correlation coefficient. | | |
| Multi-core processor and multiple CPU support | Speed up simulations. “Split up” large simulations to run on multiple CPUs or cores and reduce simulation run time. | | |
| RISKOptimizer | Solve problems with more accuracy than ever. | | |
| Feature | Benefit | Professional Edition | Industrial Edition |
|---|---|---|---|
| Optimization under uncertainty | Combines Monte Carlo simulation with sophisticated optimization techniques to find optimal solutions to uncertain problems. Used for budgeting, allocation, scheduling, and more. | | |
| Efficient Frontier Analysis | Especially useful in financial analysis, Efficient Frontiers determine the optimal return that can be expected from a portfolio at a given level of risk | | |
| Ranges for adjustable cells and constraints | Streamlined model setup and editing | | |
| Genetic algorithms | Find the best global solution while avoiding getting caught in local, “hill-climbing” solutions | | |
| Six solving methods, including GAs and OptQuest | Always have the best method for different types of problems | | |
| RISKOptimizer Watcher and Convergence Monitoring | Monitor progress toward best solutions in real time | | |
| Overlay of Optimized vs Original Distribution | Compare original output to optimized result to visually see improvements | | |
| Original, Best, Last model updating | Instantly see the effects of three solutions on your entire model | | |
Decision Making Under Uncertainty
More on RISKOptimizer
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