ModelRisk Alternatives

ModelRisk is described as 'The World's most comprehensive risk analysis add-in to Excel. It's feature set is extremely extensive, @RISK has been trying to match it for years' and is an app. There are seven alternatives to ModelRisk for Windows, Microsoft Excel and Web-based. The best ModelRisk alternative is Spry Simulation. Other great apps like ModelRisk are XLRISK, @RISK, RiskAMP and MC FLO.

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Alternatives list

  1. Copy a direct link to this comment to your clipboard

    Microsoft Excel add-in which enables system dynamics, discrete-event and Monte Carlo simulation in modern spreadsheets, especially with small to medium-sized simulation models and for a proof-of-concept tasks.

    Cost / License

    • Pay once
    • Proprietary

    Platforms

    • Windows
     
    • Spry Simulation is the most popular Windows alternative to ModelRisk.

    • Spry Simulation is the most popular commercial alternative to ModelRisk.

    • Spry Simulation is Paid and ProprietaryModelRisk is also Paid and Proprietary
  2. XLRISK icon
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    Monte Carlo simulation software that makes quantitative risk analysis intuitive.

    Cost / License

    • Pay once
    • Proprietary

    Platforms

    • Windows
     
  3. @RISK icon
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    @RISK is the world's most widely used risk analysis tool. Avoid risk by using Monte Carlo simulation to show possible outcomes in your Microsoft Excel spreadsheet.

    Cost / License

    • Paid
    • Proprietary

    Platforms

    • Windows
    • Microsoft Office Excel
     
  4. RiskAMP icon
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    RiskAMP is a full-featured Monte Carlo Simulation Engine for Microsoft Excel.

    With the RiskAMP Add-in, you can add Risk Analysis to your spreadsheet models quickly, easily, and for a fraction of the price of competing packages.

    The PERT distribution for cost and project mod.

    Cost / License

    • Paid
    • Proprietary

    Platforms

    • Windows
    • Online
    • Microsoft Office Excel
     
    • RiskAMP is the most popular Web-based alternative to ModelRisk.

    • RiskAMP is Paid and ProprietaryModelRisk is also Paid and Proprietary
  5. MC FLO icon
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    MC FLO is a add-in which make it easier to take decisions using the Monte-Carlo simulation approach. Easy to use, rapid model development and maximum transparency is assured.

    Cost / License

    • Pay once or Subscription
    • Proprietary

    Platforms

    • Windows
     
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    Risk Solver provides Instant, interactive risk analysis in Excel, with lightning-fast simulations run each time you change a number. Charts update instantly, showing a new distribution of outcomes for each change - and new insights for you.

    Cost / License

    • Paid
    • Proprietary

    Platforms

    • Windows
    • Microsoft Office Excel
     
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    Oracle Crystal Ball is the leading spreadsheet-based application suite for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk.

    16 Oracle Crystal Ball alternatives

    Cost / License

    • Paid
    • Proprietary

    Platforms

    • Windows
    • Microsoft Office Excel
     
7 of 7 ModelRisk alternatives