ModelRisk Cloud introduction

ModelRisk Cloud is an online storage system for risk analysis models written in Excel/ModelRisk offering the following benefits:

  • Keep critical business risk analysis models in a secure location

  • Ensure that everyone is using the latest update of a model

  • Limit access to models and their results to authorized people

  • Make the same model results available to any authorized person

  • Ensure that the models are using the latest available data by connecting the model to databases and schedule automated reruns of the model

  • Maintain a log of different model versions and their results, creating an audit trail

  • Control any edits to the model

  • Ensure that models are only uploaded by authorized risk analysts

 

ModelRisk Cloud organizes model files according to the following descending hierarchy:

  1. Group – a central topic, for example finance or engineering, or perhaps a region

  2. Model – a risk analysis Model built in Excel/ModelRisk that is of interest to the Group

  3. Version – a Version of the Model, meaning a copy of the Model in which some parameter values may differ, to represent different scenarios or decision options

  4. Results – the stored, time-stamped file containing the outputs from a Monte Carlo simulation run of the Version

ModelRisk Cloud poses no restrictions on the number of elements in any level.

 

ModelRisk

Monte Carlo simulation in Excel. Learn more

Tamara

Adding risk and uncertainty to your project schedule. Learn more

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FREE MONTE CARLO SIMULATION SOFTWARE

For Microsoft Excel

Download your free copy of ModelRisk Basic today. Professional quality risk modeling software and no catches

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FREE PROJECT RISK SOFTWARE

For Primavera & Microsoft Project

Download your free copy of Tamara Basic today. Professional quality project risk software and no catches.

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