Simulate Risk 4+
Quantify risks and assumptions
Karan Kumar
Designed for iPad
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- $9.99
Screenshots
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.
What’s New
Version 2
Enhancements to the interface
App Privacy
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.
Data Not Collected
The developer does not collect any data from this app.
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Information
- Seller
- Karan Kumar
- Size
- 8.9 MB
- Category
- Business
- Compatibility
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- iPhone
- Requires iOS 15.0 or later.
- iPad
- Requires iPadOS 15.0 or later.
- iPod touch
- Requires iOS 15.0 or later.
- Mac
- Requires macOS 12.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
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English
- Age Rating
- 4+
- Copyright
- © 2019 Karan Kumar
- Price
- $9.99
Supports
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Family Sharing
Up to six family members can use this app with Family Sharing enabled.