--- title: ModelRisk Reviews meta_title: 'ModelRisk Reviews 2026: Details, Pricing, & Features | G2' meta_description: Filter reviews by the users' company size, role or industry to find out how ModelRisk works for a business like yours. aggregate_rating: rating_value: 3.8 review_count: 3 scale: '5' date_modified: '2025-10-31' parent_category: name: Governance, Risk & Compliance url: https://www.g2.com/categories/governance-risk-compliance --- # 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.) **Validated Reviewer:** Validated through LinkedIn **Source: Organic:** Organic review. This review was written entirely without invitation or incentive from G2, a seller, or an affiliate. **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.) **Validated Reviewer:** Validated through LinkedIn **Source: Seller invite:** Invitation from a seller or affiliate. This reviewer was not provided any incentive by G2 for completing this review. **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.) **Validated Reviewer:** Validated through LinkedIn **Incentivized:** This reviewer was offered a nominal gift card as thank you for completing this review. **Source: G2 invite:** Invitation from G2. This reviewer was offered a nominal gift card as thank you for completing this review. **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=2026-08-24+05%3A03%3A54+-0500&secure%5Bsession_id%5D=88e8c0b0-d7e4-4c29-a4e6-5a94913c5f53&secure%5Btoken%5D=4538eb3260dcba62e6b4fdaa7f9a8c2c5ded1b10eb22f1405cc0dbca4df71e3b&format=llm_user) ## ModelRisk Features **Additional Functionality** - Incident Management - Real-Time Monitoring - Evidence Management - Risk Alerts - Reporting & Statistics - Third-Party Integrations - Workflow Management - Risk Analysis - Sarbanes-Oxley Compliance - Single Sign On - Compliance Management - Policy Management - Real-Time Reporting - Audit Trail - Assessment Management - HIPAA Compliant - Operational Risk Management - Document Storage - Enterprise Risk Management - Data Visualization - Configurable Workflow - Vendor Management - IT Risk Management - User Management - Issue Management - Internal Controls Management - AI Copilot - Environmental Compliance - Customizable Reports - Data Import/Export - Risk Management - API - Document Management - Risk Assessment - Activity Dashboard - Task Management - Audit Management - Generative AI - Governance - Corrective and Preventive Actions (CAPA) - Alerts/Notifications - FDA Compliance - Secure Data Storage - Approval Process Control - Version Control **Operational Risk Management** - Operational Risk Methodology - Operational Risk Classification - Operational Risk Identification **Business Resilience** - Business Continuity - Compliance Management - Incident Management - Policy Management **Generative AI** - AI Tasks **Agentic AI - Operational Risk Management** - Proactive Assistance **Additional Functionality** - Scenario Planning - Activity Tracking - Prioritization - Audit Trail - Risk Scoring - Approval Process Control - Customizable Reports - Predictive Analytics - AI Copilot - Alerts/Notifications - Dashboard - Data Visualization - Risk Reporting - Version Control - Risk Assessment - Reminders - Risk Analysis - Real-Time Reporting - Corrective and Preventive Actions (CAPA) - API ## Top ModelRisk Alternatives - [MasterControl Quality Management System](https://www.g2.com/products/mastercontrol-quality-management-system/reviews) - 4.3/5.0 (526 reviews) - [Process Street](https://www.g2.com/products/process-street/reviews) - 4.6/5.0 (451 reviews) - [Pirani](https://www.g2.com/products/pirani/reviews) - 4.6/5.0 (347 reviews)