RiskEase is a Microsoft Excel™ add-in program that provides risk analysis to spreadsheet models. RiskEase is useful in dealing with uncertainty in forecasting models or any other quantitative models in which some data values are uncertain. RiskEase can have many applications such as in project appraisal, marketing forecasts, business planning, econometrics, financial budgeting, project management and in many other fields in which variables and their relationships are modelled. RiskEase allows for the easy stipulation of probability distributions which encompass the uncertainty of the risk variables in such financial models and to simulate how the future main unfold by generating a number of scenarios based on those assumptions. The whole process thus facilitates and enhances the decision-making process. The decision is therefore taken while taking into consideration the impact of uncertainty.
RiskEase Master Edition (code named RiskEase4) is a state of the art risk analysis program, which was originally developed under the name “RiskMaster for DOS” and “RiskMaster for Windows” for the Harvard University Program in Investment Appraisal and Management and has been used since 1987 by many reputable institutions around the world as part of their training courses in cost-benefit analysis. RiskEase builds upon the successful design of its predecessors, particularly RiskEase version 1, and adds a host of new features that enhance both functionality and ease of use. Some of these are:
