@Risk v Crystal Ball

[Borneo]

Anyone has a good comparison of the two softwares?

 

[Mark O'Brien]

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

 

[Borneo]

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]

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]

Jay,
Thanks for the comment.