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@RISK VS Simple Decision Tree

Compare @RISK VS Simple Decision Tree and see what are their differences

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@RISK logo @RISK

@RISK is the world's most widely used risk analysis tool.

Simple Decision Tree logo Simple Decision Tree

Simple Decision Tree is an Excel Add-in created by Thomas Seyller.
  • @RISK Landing page
    Landing page //
    2023-10-17
  • Simple Decision Tree Landing page
    Landing page //
    2023-08-06

@RISK features and specs

  • Comprehensive Risk Analysis
    @RISK provides a detailed and comprehensive risk analysis by using Monte Carlo simulation, which allows users to understand the variability and uncertainty in their models.
  • Excel Integration
    @RISK is integrated directly with Microsoft Excel, making it intuitive for users who are familiar with Excel to build their models and perform risk analysis without needing to learn a new interface.
  • Scenario Analysis
    The software allows users to perform scenario and sensitivity analysis, enabling a deeper understanding of which variables have the greatest impact on their models.
  • Reporting and Visualization Tools
    It offers a variety of tools for reporting and data visualization, making it easy to present findings to stakeholders in a clear and impactful way.
  • Custom Distributions
    @RISK provides flexibility with custom distributions, allowing users to fit their data to a wide range of probability distributions.

Possible disadvantages of @RISK

  • Complexity for Beginners
    The software can be complex for beginners or those not familiar with statistical modeling and Monte Carlo simulations, potentially requiring significant time to learn effectively.
  • Cost
    @RISK can be expensive for individual users or small businesses, which might be a barrier compared to other simpler or free alternatives.
  • Excel Dependency
    Being a tool that works within Excel, its performance and capabilities are limited by the functionalities and limitations of Excel itself.
  • Resource Intensive
    Running large simulations can be resource-intensive, requiring significant processing power and potentially leading to performance issues on less powerful hardware.
  • Steep Learning Curve for Advanced Features
    While basic features might be easy to grasp, mastering the advanced features and functionalities of @RISK could require extensive training and experience.

Simple Decision Tree features and specs

No features have been listed yet.

Category Popularity

0-100% (relative to @RISK and Simple Decision Tree)

@RISK

Simple Decision Tree

Governance, Risk And Compliance
86 86%
Governance, Risk And Compliance
14% 14
Data Dashboard
66 66%
Data Dashboard
34% 34
Security & Privacy
100 100%
Security & Privacy
0% 0
Technical Computing
68 68%
Technical Computing
32% 32

User comments

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What are some alternatives?

When comparing @RISK and Simple Decision Tree, you can also consider the following products

SAI360 - GRC Platforms

TreePlan - TreePlan helps you build a decision tree diagram in an Excel worksheet using dialog boxes.

Oracle Risk Management Cloud - Oracle Risk Management helps to document risks and enforce controls as an integral part of your ERP Cloud deployment

Kutools for Excel - A handy Microsoft Excel add-ins collection to free you from time-consuming operations.

Aptible - Aptible is a secure, private cloud deployment platform built to automate HIPAA compliance.

SQL*XL - SQL*XL provides a bridge between databases and Microsoft Excel. With SQL*XL you have a single SQL interface to all your databases.

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