Simulate Risk 4+

Name: Simulate Risk
Price: 14900 NGN
Author: Karan Kumar

Quantify risks and assumptions

Karan Kumar

Designed for iPad

- ₦ 14,900.00

Description

Run Monte Carlo simulations to quantify risks

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 Aug 2022

Version 2

Enhancements to the interface

The developer, Karan Kumar, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.