RiskEase

RiskEase is an advanced risk analysis software that serves as an add-in for Microsoft Excel. It provides users with the capability to perform comprehensive risk analysis through Monte Carlo simulations, thereby enhancing decision-making processes by managing uncertainty in various quantitative models. This software is particularly useful for applications in project appraisal, marketing forecasts, business planning, and financial budgeting.

Originally developed for the investment program at Harvard University, RiskEase has evolved from its predecessor versions, 'RiskMaster for DOS' and 'RiskMaster for Windows'. The current version, RiskEase 5.x, is compatible with Windows 7 and later, as well as Excel versions ranging from 2010 to 2021.

Key Functionalities:

• Monte Carlo Simulations: Users can define probability distributions and simulate various scenarios to analyze risks effectively.
• Sensitivity Analysis: A complete module for sensitivity analysis that allows users to understand how different variables affect outcomes.
• Optimization: RiskEase enables optimization within simulations, providing more refined decision-making tools.
• Professional Reporting: The software can generate detailed reports to present findings in a professional format.
• Free Trial: A limited-time free trial is available, offering users the ability to explore the software with restrictions on simulation runs and the number of risk variables.

Compatibility and Support:

RiskEase aims to provide robust user support, addressing common installation and compatibility issues encountered with different versions of Excel. Comprehensive documentation is available, including FAQs and user guides, to assist users in maximizing the software's capabilities.