# ModelRisk Reviews
**Vendor:** Vose Software  
**Category:** [Operational Risk Management Software](https://www.g2.com/categories/operational-risk-management)  
**Average Rating:** 3.8/5.0  
**Total Reviews:** 3
## About ModelRisk
ModelRisk is an Excel add-in that allows the user to include uncertainty in their spreadsheet models.




## ModelRisk Reviews
  ### 1. My opinions of ModelRisk

**Rating:** 5.0/5.0 stars

**Reviewed by:** Richard M. | Systems and Innovation Expert, Network Strategy, Global Supply Chain, Enterprise (> 1000 emp.)

**Reviewed Date:** August 02, 2023

**What do you like best about ModelRisk?**

The way the software works as embedded within Excel so that it's easy to combined with other Excel functions and existing models.  The range of functions and distributions is huge, and the simulation methods very flexible.

**What do you dislike about ModelRisk?**

Takes a little time to get the hang of combining the functions with Excel, and does occasionally cause it to crash.

**What problems is ModelRisk solving and how is that benefiting you?**

Quickly and easily creating and running MonteCarlo simulations either from scratch or within an existing model, as well as the way it stores and allows you to analyse and report the outputs.  Once getting over the initial idiosyncrasies I've found it much easier and more flexible to work with than other MonteCarlo add-in software that I've used.

  ### 2. Free tool for risk analysis

**Rating:** 4.0/5.0 stars

**Reviewed by:** Rahmat H. | Sonarmas (c) Management Consultant for Oil & Gas Industry & Infras Maintenance, Mid-Market (51-1000 emp.)

**Reviewed Date:** December 06, 2021

**What do you like best about ModelRisk?**

Monte carlo simulation for schedule and cost risk analysis

**What do you dislike about ModelRisk?**

So far there is none to dislike the functions

**What problems is ModelRisk solving and how is that benefiting you?**

Schedule completion analysis and cost risk analysis

  ### 3. Analyst 

**Rating:** 2.5/5.0 stars

**Reviewed by:** Yiyi J. | Interest Rate Derivatives, Enterprise (> 1000 emp.)

**Reviewed Date:** October 17, 2017

**What do you like best about ModelRisk?**

The user interface is very efficient, very easy for people to use and navigate from the web. Also the analytic provided by ModelRisk is very useful, meeting industry standard. 

**What do you dislike about ModelRisk?**

The function it supported can be expanded more.  

**What problems is ModelRisk solving and how is that benefiting you?**

Risk Management 


## ModelRisk Discussions
  - [What is ModelRisk used for?](https://www.g2.com/discussions/what-is-modelrisk-used-for)

- [View ModelRisk pricing details and edition comparison](https://www.g2.com/products/modelrisk/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-16+02%3A07%3A46+-0500&secure%5Bsession_id%5D=3344b648-ff28-4115-bfe7-48ed6f542567&secure%5Btoken%5D=e410733e24d5f9e7a1225907fbdd1cd800b9b283ca5b90322b4529ef10044b6d&format=llm_user)

## ModelRisk Features
**Operational Risk Management**
- Operational Risk Methodology
- Operational Risk Classification
- Operational Risk Identification

**Business Resilience**
- Business Continuity
- Compliance Management

**Generative AI**
- AI Tasks

**Agentic AI - Operational Risk Management**
- Proactive Assistance

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