XLRISK, developed by Vose Software, introduces 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.
An XLRISK user replaces uncertain values within their Excel model with special XLRISK quantitative probability distribution functions that describe the uncertainty about those values. XLRISK then uses Monte Carlo simulation to automatically generate thousands of possible scenarios.
At the end of the Monte Carlo simulation run, which typically takes a few seconds, the results are displayed in a variety of graphical and statistical formats that will tell you things like:
- What is the probability we will come under budget?
- Which investment gives me the greatest return for a given level of risk?
- How much capital do we need to be 95% sure of having enough for the project?
- Which component configuration gives me the greatest chance of achieving a certain operation time before a failure occurs?
Features Overview
- Simulation: Monte Carlo simulation, Multiple simulation runs for scenarios, Unrestricted speed, and more.
- Reporting: View simulation results statistics in spreadsheet, Export results to PowerPoint, Word, PDF or Excel, Sensitivity and scenario analysis, and more.
- Features by number: 136 distributions, 14 correlation models, 34 time series functions.
- Fitting: Fitting distributions to data (95), fitting correlations structures to data (11), fitting time series to data, and more.
- Ease-of-use features: One-click function view, @RISK and Crystal Ball converters, full help file and example models, functions descriptions in spreadsheet.
- Technical tools: Data Viewer, assumption and result sharing between models, extreme value tools, probability calculations, Markov chain tools, and more.
- Industry tools: Financial tools, insurance tools, PK/PD pharma tools.
Overview
XLRISK is a Shareware software in the category Business developed by ADDINSOFT INC.
The latest version of XLRISK is 2020.1.2, released on 05/31/2021. It was initially added to our database on 03/02/2021.
XLRISK runs on the following operating systems: Windows.
XLRISK has not been rated by our users yet.
FAQ
What is XLRISK?
XLRISK is a risk management and analytics tool designed for Microsoft Excel, enabling users to perform advanced risk analysis and simulations.
Who is the intended user for XLRISK?
XLRISK is meant for professionals in finance, engineering, project management, and research who need to analyze risks and uncertainty in their projects or financial models.
What are the key features of XLRISK?
Key features include Monte Carlo simulations, sensitivity analysis, decision trees, risk assessment templates, and reporting functionalities.
Is XLRISK compatible with my version of Excel?
XLRISK is compatible with Microsoft Excel versions from 2010 onward, including the latest versions of Office 365.
Can I try XLRISK before purchasing?
Yes, ADDINSOFT INC offers a trial version of XLRISK that you can download from their official website.
What type of support does ADDINSOFT INC provide for XLRISK?
ADDINSOFT INC provides comprehensive customer support including FAQs, user manuals, tutorials, and direct technical assistance via email.
Do I need any special skills to use XLRISK?
While no special skills are required, a basic understanding of Excel and risk management concepts will help users make the most of the tool.
How can I purchase XLRISK?
XLRISK can be purchased directly from the ADDINSOFT INC website or through authorized resellers.
Is there a discount for volume purchases of XLRISK?
Yes, ADDINSOFT INC offers discounts for bulk licenses. Interested users should contact their sales team for more details.
Did the software receive any awards or recognition?
XLRISK has been recognized in various industry circles for its comprehensive risk management capabilities and user-friendly interface.
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