Simulate Risk 4+

Name: Simulate Risk
Price: 10 CHF
Author: Karan Kumar

Karan Kumar

Conçu pour iPad

- CHF 10.00

Description

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.

14 août 2022

Version 2

Enhancements to the interface

Le développeur Karan Kumar a indiqué que le traitement des données tel que décrit ci‑dessous pouvait figurer parmi les pratiques de l’app en matière de confidentialité. Pour en savoir plus, consultez la politique de confidentialité du développeur.

Données non collectées

Le développeur ne collecte aucune donnée avec cette app.

Les pratiques en matière de confidentialité peuvent varier, notamment en fonction des fonctionnalités que vous utilisez ou de votre âge. En savoir plus