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1291 Review
50 Karma

Review on ModelRisk by Michael Rosario

Revainrating 5 out of 5

Best way in managing projects' specific business-related & technical Risks

The ease of use, how much information can be collected from one model with multiple inputs - both physical/technical but also economic / financial as well! It would help if there was something I could do without using this tool which might make it more expensive for some businesses who may not need all these tools at once? Would recommend trying out many different risk analysis methodologies before deciding what will work best or fit your needs exactly (and so far its worked great!).

img 1 attached to ModelRisk review by Michael Rosario

We have been able solve our problems by modelling risks within various aspects such construction project planning through identifying uncertainties about material quantity availability etc.. I like how easy it was for me as well, because of my lack or experience with excel formulas (and also due to time constraints). Also very helpful if you are working within your own team/company - everything works really smoothly here! Nothing so far! The whole process took some getting used too but i think this will settle down once we have more people using modelrisk / our users get familiarized better woth its functions and featureset etc..

Pros
  • Very user friendly software that lets us find ways around challenges & build relationships between groups across departments in order to create value together
Cons
  • Nothing