XLRisk

XLRisk version 2020.1.2, developed by ADDINSOFT INC, is an exceptional addition to any professional's arsenal, especially those involved in education and science tools. This free download program provides an intuitive approach to Monte Carlo simulations, making it easier to build, audit, and test risk models accurately. With a manageable file size of 168 MB, XLRisk is compatible with Windows 7, 8, 10, and 11, ensuring broad accessibility.

One of XLRisk's standout features is its ability to replace uncertain values in Excel models with special quantitative probability distribution functions, allowing for precise representation of uncertainty. This is particularly useful in fields requiring detailed risk assessment and management. At the end of its simulations, XLRisk generates detailed results within seconds, presented in diverse graphical and statistical formats. This enables users to answer critical questions such as the probability of staying under budget, the optimal investment return for a given risk level, and necessary capital to secure project success with 95% confidence.

The program supports multiple simulation runs, unrestricted speed, and provides extensive statistical analysis tools, which include but are not limited to sensitivity analysis, scenario analysis, and the ability to export results to PowerPoint, Word, PDF, or Excel. Users can view simulation statistics directly in their spreadsheets, and advanced features like fitting distributions, correlation structures, and time series functions add immense value. More

You may want to check out more software, such as gitoolbox, MemBrain or roboBASIC, which might be similar to XLRisk.