Simulate Risk

Risk to objectives or decisions are best understood when they are quantified. Presenting a financial amount as the 'cost of risk or uncertainty' allows for a much more informed discussion with senior leaders and board members. It also allows for a better estimate for the contingency funds required in evaluating a decision or a project.  Software solutions that typically do this are often complex and expensive. This app provides a simple and cost-effective solution at your fingertips. It is your first step in moving away from a subjective list of assumptions and uncertainties to a much more effective way to consider risk. The app is a Monte-Carlo risk simulator that is capable of running hundreds of thousands of simulations to provide a quantified 'cost of risk or uncertainty' that should be factored into any decision. This is underpinned by well established data science and statistical math. The result is a single number that you should add to your overall cost as a contingency number. Download this app today and transform how you evaluate assumptions and uncertainties in every decision to make. Note: to keep it simple, the app uses a triangular distribution in its calculations.