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'. There are six alternatives to ModelRisk for Windows, Microsoft Office Excel and Online / Web-based. The best alternative is XLRISK. Other great apps like ModelRisk are @RISK (Paid), RiskAMP (Paid), MC FLO (Paid) and Risk Solver (Paid).
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.
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.
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.