@Risk v Crystal Ball

Borneo · May 2nd, 2002, 09:28 AM

Anyone has a good comparison of the two softwares?

Mark O'Brien · May 2nd, 2002, 09:30 AM

What are they and are either of them Excel? (hence the name, MrExcel.com)

Borneo · May 2nd, 2002, 09:33 AM

Crystal Ball 2000 Standard is an easy-to-use simulation program that helps you to analyze the risks and uncertainties associated with your Microsoft Excel spreadsheet models.

@RISK is an add-in to Microsoft Excel. As an add-in, @RISK becomes seamlessly integrated with your spreadsheet, adding risk analysis to your existing models.

I guess since they are add-in to Excel, be good to know which one is better. It is related to this board or not?

Jay Petrulis · May 2nd, 2002, 09:37 AM

Hi,

These are 3rd party add-ins designed for simulation modeling, using Monte Carlo simulation and other techniques, I think.

I have never used/seen either of them, but I have heard that Crystal Ball is better, with a better interface and more features. The manual is said to be much better as well.

That said, both of these are the top of the line with the off-the-shelf programs, so the differences above are not meant to be taken as one is great and the other terrible.

I think Sam Savage also has a more basic (and cheaper) add-in available http://www.insight.com (????)

HTH,
Jay

Borneo · May 2nd, 2002, 09:54 AM

Jay,
Thanks for the comment.

May 2nd, 2002, 09:30 AM	#2
Mark O'Brien MrExcel MVP Join Date: Feb 2002 Location: Columbus, OH, USA Posts: 3,519	What are they and are either of them Excel? (hence the name, MrExcel.com) __________________ Mark O'Brien Columbus Ohio Celtic Supporters Club

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May 2nd, 2002, 09:28 AM	#1
Borneo New Member Join Date: May 2002 Posts: 3	Anyone has a good comparison of the two softwares?

May 2nd, 2002, 09:33 AM	#3
Borneo New Member Join Date: May 2002 Posts: 3	Crystal Ball 2000 Standard is an easy-to-use simulation program that helps you to analyze the risks and uncertainties associated with your Microsoft Excel spreadsheet models. @RISK is an add-in to Microsoft Excel. As an add-in, @RISK becomes seamlessly integrated with your spreadsheet, adding risk analysis to your existing models. I guess since they are add-in to Excel, be good to know which one is better. It is related to this board or not?

May 2nd, 2002, 09:37 AM	#4
Jay Petrulis MrExcel MVP Join Date: Mar 2002 Location: Chicago, IL USA Posts: 2,042	Hi, These are 3rd party add-ins designed for simulation modeling, using Monte Carlo simulation and other techniques, I think. I have never used/seen either of them, but I have heard that Crystal Ball is better, with a better interface and more features. The manual is said to be much better as well. That said, both of these are the top of the line with the off-the-shelf programs, so the differences above are not meant to be taken as one is great and the other terrible. I think Sam Savage also has a more basic (and cheaper) add-in available http://www.insight.com (????) HTH, Jay

May 2nd, 2002, 09:54 AM	#5
Borneo New Member Join Date: May 2002 Posts: 3	Jay, Thanks for the comment.