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DecisionTools Suite | Risk and Decision Analysis in Excel

decide with confidence

Complete Risk and Analysis Toolkit in Excel

The DecisionTools Suite is an integrated set of quantitative data analysis programs that remove uncertainty in decision-making through probabilistic risk analysis using Monte Carlo simulation. Create decision trees, optimize resource allocation, identify critical factors, manage uncertainty in project schedules, and more when you install the toolkit into the familiar environment of Microsoft Excel.

No matter what industry you’re in, the DecisionTools Suite can help you assess risk, take the guesswork out of big decisions, and plan strategies with confidence.

Greater than the Sum of Its Parts

The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty. Each component of the DecisionTools Suite integrates seamlessly with Microsoft Excel and performs powerful analyses, but together they let you achieve more complete results that can help you make decisions with confidence. Learn more about each below and see which tools are available in each edition.

Customer Success Stories with DecisionTools Suite

Learn how DecisionTools Suite has helped decision makers to improve risk and decision analysis efforts.

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How DecisionTools Suite Is Used

DecisionTools Suite enables endless applications, including these in:
Investment Planning & Portfolio Optimization
Simulate multiple portfolio assets (such as stocks, bonds, real estate, or projects) to maximize return while minimizing risk. Calculate Value-at-Risk, or the probability of different losses on a portfolio.
Oil, Gas, & Mineral Reserves
Map out sequential, probabilistic exploration plans of prospective sites containing oil, natural gas, or other minerals. Estimate uncertain reserves to make wise drilling decisions.
Supply Chain Management
Optimize multiple suppliers to minimize failure points and maximize probability of deliveries. Identify high-risk areas in the supply chain to create mitigation strategies.
Cost Estimation
Get an accurate, probabilistic estimate of materials and labor costs throughout the entire project. Understand the likelihood of going over budget under a variety of scenarios.
Engineering Reliability
Gain insight into the factors driving variance and inconsistencies to ensure quality.

@RISK - Model Risks, Uncover Opportunities

@RISK performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel spreadsheet — and how likely they are to occur. This means you can judge which risks to take and which to avoid.

PrecisionTree - Visualize Different Outcomes

PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams. Decision trees let you visually map out complex decisions in a sequential, organized manner. This helps you identify all possible alternatives and choose the best option.

TopRank - Identify Critical Factors

TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. Define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. This allows you to identify and rank all input factors which affect your bottom line.

StatTools - Leverage Data for Forecasting

StatTools performs forecasting and statistical analysis in Microsoft Excel. It replaces Excel’s built-in statistics functions with its own more robust and accurate functions. StatTools covers the most common statistical analyses but also allows you to build custom statistical procedures.

NeuralTools - Make Intelligent Predictions

NeuralTools performs predictions in Microsoft Excel using sophisticated neural networks. NeuralTools imitates brain functions to “learn” patterns in your known data, using those patterns to make predictions from new, incomplete data. NeuralTools can automatically update predictions when input data changes, saving time and enabling more robust analyses.

Evolver - Solve Complex Allocation Problems

Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It finds the best solution to linear problems large and small and gives the best overall global solution to nonlinear, complex problems where other solvers fail. Evolver constantly tries new, different solutions to arrive at the best answer possible.

RISKOptimizer - Optimization with Monte Carlo Simulation

RISKOptimizer uses genetic algorithms or OptQuest methods, along with Monte Carlo simulation, to solve optimization problems. Take any optimization problem and replace uncertain values with @RISK functions representing ranges of possible values. RISKOptimizer tries different combinations of adjustable cells to achieve your goal while running Monte Carlo simulations on each trial solution to account for inherent uncertainty. The result is the most robust, accurate solution possible.

ScheduleRiskAnalysis - Manage Uncertainty in Project Schedules

ScheduleRiskAnalysis analyzes schedule risk using Monte Carlo simulation with @RISK. This means SRA shows you virtually all possible outcomes in your schedule – and tells you how likely each is to occur. SRA helps you judge which risks to take, and which ones to avoid. SRA also ranks your risks, enabling you to identify the variables which impact your schedule the most. 

Enterprise Licensing:
Better Research, Insights, and Outcomes for all

Lumivero has the most complete collection of research, data and decision-making tools available anywhere, and we can help your whole team work better together — collaborating to aggregate, organize, analyze, and present your findings.

Lumivero’s enterprise licensing options offer volume pricing for teams and organizations needing nine (9) or more licenses.

Enterprise licenses allow the flexibility to install Lumivero software and solutions on multiple computers (up to the maximum number of licenses your organization has purchased) with a centralized management solution, putting you in control of your license management.

Lumivero’s team-based solutions allow you to:

Stay up-to-date with free upgrades to the latest releases
Reduce IT costs with one platform deployed across your organization
Reassign licenses to different users as teams evolve
Centralize license and subscription management in one place
Streamline budget allocation, especially for smaller groups and consultancy firms
Enjoy a Dedicated Customer Success Manager and pro-rated rates for new users

Transform Your Decision Making with DecisionTools Suite

Unlock the power to outperform your competition with the tool industry leaders trust to drive superior outcomes.

Request a demo

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