ModelRiskVose Software
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NetRiskPMA Technologies
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About
ModelRisk is a Monte Carlo simulation Excel add-in that allows the user to include uncertainty in their spreadsheet models. 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. A ModelRisk user replaces uncertain values within their Excel model with special ModelRisk quantitative probability distribution functions that describe the uncertainty about those values. ModelRisk then uses Monte Carlo simulation to automatically generate thousands of possible scenarios. In the same way that Excel is used for many different types of analysis, ModelRisk is used to assess the uncertainty in the numbers produced by the Excel model. Users have performed risks analyses with ModelRisk in a vast range of fields.
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About
In NetRisk, a risk's probability of occurrence can be un-correlated amongst the activities to which it has been assigned - and in fact, it can even be different. Therefore, this approach is more realistic for a risk response that affects activities scheduled years apart or at different project sites. Thanks to automated risk sensitivity analysis, NetRisk re-runs the entire simulation, each time removing the risk with the biggest impact. The result is a tornado chart showing the exact impact in days that each risk has on the project completion. By scheduling activities on early starts in every iteration, CPM risk analysis does not account for the impact of float use on project completion and therefore overestimates the probability of completion. With NetRisk, activities off the critical path can be started later to model resource leveling, progress pacing, or other strategic reasons, resulting in a more realistic model.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Risk Management platform for organizations seeking a solution to manage their operations
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Audience
Companies looking for a construction risk management solution
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
No information available.
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationVose Software
Belgium
www.vosesoftware.com/products/modelrisk/
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Company InformationPMA Technologies
Founded: 2011
United States
pmatechnologies.com/netrisk/
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Categories |
Categories |
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Risk Management Features
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
Internal Controls Management
IT Risk Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment
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Integrations
NetPoint
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