# Simulate Risk — Quantify risks and assumptions

> Quantify risks and assumptions (iPhone/iPad app by Karan Kumar.)

- Source: https://appshunter.io/ios/app/simulate-risk/id1497464073 (this page in markdown: same URL + `.md`)
- Developer: [Karan Kumar](https://appshunter.io/developer/1439762385)
- Category: Business, Finance
- Price: $9.99
- Age rating: 4+
- Requires: iOS 15.0 · 8 MB
- Languages: English
- Released: 2020-02-09
- Data updated: 2025-03-06
- User reviews in markdown: https://appshunter.io/ios/app/simulate-risk/id1497464073/reviews.md

## What is 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.


## Version history (last 2 releases)

### 2 — 2022-08-14

Enhancements to the interface

### 1.5 — 2020-02-10

No release notes.

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## More apps by Karan Kumar

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All apps by Karan Kumar: https://appshunter.io/developer/1439762385

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2025-03-06.*