Excel Ease of Use
RISK is a true add-in to Microsoft Excel, integrating completely with your spreadsheet. Browse, define, analyze—while never leaving Excel. All @RISK functions are true Excel functions, and behave exactly as native Excel functions do. @RISK windows are all linked directly to cells in your spreadsheet, so changes in one place are carried out in the other. @RISK graphs point to their cells via callout windows. Drag-and-drop ease, context-sensitive right-click menus, and the @RISK toolbar make learning and navigating @RISK a snap.
What’s New in @RISK 5.7
@RISK 5.7 is fully compatible with 64-bit Excel 2010. 64-bit technology enables Excel and @RISK to access much more computer memory than ever before. This allows for vastly larger models and greater computational power.
Simulation of Password Protected Sheets
@RISK now allows you to simulate worksheets that have been password protected in Excel. No longer do you need to unprotect your sheets to perform risk analysis, saving you valuable time.
@RISK and RISKOptimizer Merged Ribbon
Because RISKOptimizer is often used to optimize @RISK models, the buttons for RISKOptimizer have been added to the main @RISK ribbon bar in Excel for greater ease of use.
What is this product?
@RISK for Six Sigma
@RISK comes with Six Sigma statistics, functions, and reports. It is used to identify, measure, and root out the causes of variability in your production and service processes and designs.
Model, Simulate, Understand
Running an analysis with @RISK involves three simple steps:
1. Set Up Your Model. Start by replacing uncertain values in your spreadsheet with @RISK probability distribution functions, like Normal, Uniform, or over 35 others. These @RISK functions simply represent a range of different possible values that a cell could take instead of limiting it to just one case. Choose your distribution from a graphical gallery, or define distributions using historical data for a given input. Even combine distributions with @RISK’s Compound function. Share specific distribution functions with others using the @RISK Library, or swap out @RISK functions for colleagues who don’t have @RISK.
Next, select your outputs—the “bottom line” cells whose values interest you. This could be potential profits, ROI, insurance claims payout, disease recovery rate, or anything at all.
2. Run the Simulation. Click the Simulate button and watch. @RISK recalculates your spreadsheet model thousands of times. Each time, @RISK samples random values from the @RISK functions you entered, places them in your model, and records the resulting outcome. Explain the process to others by running your simulation in Demo Mode, with graphs and reports updating live as the simulation runs.
3. Understand Your Risks. The result of a simulation is a look at a whole range of possible outcomes, including the probabilities they will occur. Graph your results with histograms, Scatter Plots, cumulative curves, Box Plots, and more. Identify critical factors with Tornado charts and sensitivity analysis. Paste results into Excel, Word, or PowerPoint, or place them in the @RISK Library for other @RISK users. You can even save results and charts right inside your Excel workbook.
@RISK Industries & Applications
@RISK is used to analyze risk and uncertainty in a wide variety of industries. From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from @RISK.
- Minimum Platform: IBM PC compatible Pentium or higher; Microsoft Windows 95 or higher; Microsoft Excel 97 or higher
- Recommended: 32 MB RAM, or greater
You can download a 10 days FREE trial version to test if it will suit your needs.