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The Complete Risk and Decision Analysis Toolkit

Wouldn’t you like to know the chances of making money on your next venture? Or which of many decision options is most likely to yield the best payoff? How about the best sequential drilling strategy? Or how much to invest in various projects in order to maximize the return on your project portfolio? 

Everyone would like answers to these types of questions. Armed with that kind of information, you could take a lot of guesswork out of big decisions and plan strategies with confidence. With the DecisionTools Suite, you can answer these questions and more – right in your Excel spreadsheet.

The DecisionTools Suite is an integrated set of programs for risk analysis and decision making under uncertainty that runs in Microsoft Excel. The DecisionTools Suite includes @RISK, which adds risk analysis to Excel using Monte Carlo simulation, BigPicture for mindmapping and data exploration, PrecisonTree for visual decision tree analysis, TopRank for what-if analysis, NeuralTools and StatTools for data analysis, and more. Rounding out the Suite is BigPicture for mind mapping, diagramming, and data exploration.

Programs are designed to work together, and all integrate seamlessly with Microsoft Excel for ease of use and maximum flexibility.

watchLearn how to get started quickly in the DecisionTools Suite
watchWatch videos of different industry applications of the DecisionTools Suite
watchWatch videos of the DecisionTools Suite features

» More on risk analysis
» More on Monte Carlo simulation

The DecisionTools Suite is also available in Spanish, Portuguese, German, French, Russian, Japanese and Chinese.

New in Version 7 – BigPicture, Enhanced Model Sharing, Advanced Analyses

» Update Now

New DecisionTools Suite 7.0 offers a range of improvements for any decision maker, from general use enhancements to new, specialized analytical features. Plus, in the biggest change of all, a new member has been added to the DecisionTools Suite family: BigPicture, Palisade’s five-star reviewed mind-mapping and data exploration tool, joins the full Suite!

» Learn more about BigPicture

» Learn more about What’s New in DecisionTools Suite 7

New in the Entire Suite
Introducing BigPicture, Palisade’s new five-star reviewed mind-mapping, diagramming, and data exploration add-in brings a visual dimension to any decision process. Strategic planning, data analysis, and human resources org charts are just a few of the limitless applications of this powerful new tool. In addition, all Suite users can now receive automatic software updates with one-click installation.

New in @RISK & RISKOptimizer
Efficient frontier analysis has been added to RISKOptimizer, enabling users to determine the optimal return that can be expected from a portfolio at a given level of risk. Copulas are now available to enable sophisticated methods for correlating uncertain @RISK variables. @RISK models and graphs can be shared with non-@RISK users via new thumbnail graphs attached to cells they describe. The new Data Viewer allows you to display any spreadsheet data, not just simulation results, using all @RISK charts and graphing options. And lastly, you can create exactly the simulation results reports you want directly in Excel, automatically formatted for optimal viewing, using the new Custom Reports feature.

New in PrecisionTree
PrecisionTree can now export quantitative decision tree models directly to BigPicture, turning them into stunning visual maps that can be viewed, printed, and shared with any Excel user.

New in StatTools and NeuralTools
The Data Viewer is included with these tools as well. Cluster analysis, principal component analysis, categorical bar charts, and Kruskal-Wallis tests have all be added to StatTools. In addition, performing multiple types of StatTools regressions is much easier than ever.

New in Evolver
Efficient frontier analysis is also included with Evolver.

Click on a tab below to learn more about each product in the Suite.

@RISK for risk analysis using Monte Carlo simulation

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

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

@RISK and TopRank
The focus of an @RISK analysis can be narrowed using TopRank. Especially with large models, this saves time and improves accuracy of your @RISK analysis. @RISK functions can also be used by TopRank to represent a wider range of values than TopRank’s standard functions.

Watch how @RISK and TopRank work together

@RISK and PrecisionTree
In addition, @RISK can be combined with PrecisionTree to represent uncertain chance events and payoffs in decision tree models. This enhances the accuracy of decision tree models by considering wider ranges of values for chance events instead of a few limited, discrete options.

Watch how @RISK and PrecisionTree work together

@RISK then StatTools
@RISK results can be run through a StatTools analysis to assess confidence intervals. @RISK can also be applied to results from a StatTools forecast to simulate possible outcomes with more precision.

Watch how @RISK and StatTools work together


»
More on @RISK

BigPicture® for mind mapping and data exploration

BigPicture is the mind-mapping, diagramming, and data exploration add-in brings a visual dimension to any decision process. Strategic planning, data analysis, and human resources org charts are just a few of the limitless applications of this powerful new tool.

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

BigPicture and PrecisionTree
PrecisionTree’s quantitative decision trees can be viewed directly to BigPicture, turning them into stunning visual maps that can be shared with any Excel user for presentation and discussion. With this capability, collaborative decision-making just got much easier, bridging the gap between quantitative probabilistic analysis and expert knowledge.


»
More on BigPicture

PrecisionTree® for decision analysis with
decision trees and influence diagrams

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

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

PrecisionTree and @RISK
PrecisionTree represents chance events and payoffs with discrete values or probabilities. When combined with @RISK, @RISK enhances the analysis by representing continuous ranges of outcomes for chance events and payoffs.

Watch how PrecisionTree and @RISK work together

PrecisionTree and TopRank
PrecisionTree models can also be run with TopRank to identify the most critical factors in larger, more complex tree models.


»
More on PrecisionTree

TopRank® for automated “what if” sensitivity analysis

TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. You can define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. The end result is identification and ranking of all input factors which affect your bottom line.

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

TopRank then @RISK
TopRank is useful for narrowing down the focus of large models before performing a risk analysis with @RISK. Especially with large models, this saves time and improves accuracy of your @RISK analysis. In addition, TopRank can use @RISK to represent a wider range of values than TopRank’s standard functions.

Watch how TopRank and @RISK work together

TopRank and PrecisionTree
TopRank can also be run with PrecisionTree models to identify the most critical factors in larger, more complex tree models.


» More on TopRank

NeuralTools® for predictive analysis using
intelligent neural networks

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

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

NeuralTools and Evolver
Combine NeuralTools with Evolver to optimize complex problems. Set Evolver’s target goal as the live predictive output for NeuralTools, and the cells for Evolver to adjust as the new inputs for NeuralTools. Then watch Evolver and NeuralTools work together to predict the optimal solution.

Watch how NeuralTools and Evolver work together

NeuralTools and RISKOptimizer
You could even run NeuralTools in conjunction with RISKOptimizer, running Monte Carlo simulations on each trial solution and making live predictions of the results.


» More on NeuralTools

StatTools® for forecasting and
advanced statistical analysis

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

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

StatTools and @RISK then RISKOptimizer
Combine StatTools with @RISK to assess confidence intervals on simulation results. You can also apply @RISK functions to StatTools forecast results to simulate possible outcomes with more precision than the deterministic analysis alone. Run RISKOptimizer on your model using the same @RISK functions in order to find the best combination of factors to maximize your forecasted profits.

Watch how StatTools and @RISK work together


» More on StatTools

Evolver for sophisticated optimization

Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It is equally suited to finding the best solution to linear problems large and small, or to finding 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.

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

Evolver then NeuralTools
Combine Evolver with NeuralTools to optimize complex problems with live neural network prediction. Set Evolver’s target goal as the live predictive output for NeuralTools, and the cells for Evolver to adjust as the new inputs for NeuralTools. Then watch Evolver and NeuralTools work together to predict the optimal solution.

Watch how Evolver and NeuralTools work together


»
More on Evolver
RISKOptimizer® combines optimization and Monte Carlo simulation for optimization under uncertainty

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

Greater Than the Sum of its Parts
Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

RISKOptimizer and @RISK
Run RISKOptimizer on an existing @RISK model to maximize your profits, minimize your costs, or achieve a particular target. RISKOptimizer uses all the same functions as @RISK.

RISKOptimizer and StatTools
You could run a RISKOptimizer analysis on the results from a StatTools forecast, applying @RISK functions to the forecasted values while adjusting controllable factors to maximize total profits.

RISKOptimizer and NeuralTools
Even combine RISKOptimizer with NeuralTools to make live predictions on each trial solution.


» More on RISKOptimizer

Seven Powerful Analytical Programs that Work Together in Excel to Help You Make Better Decisions

Click on an icon below to learn more about each product in the Suite.

@RISK for risk analysis using
Monte Carlo simulation

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


» More on @RISK

PrecisionTree® for decision analysis with decision trees and influence diagrams

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

» More on PrecisionTree

TopRank® for automated “what if” sensitivity analysis

TopRank performs automated “what if” sensitivity analysis on Microsoft Excel spreadsheets. You can define any output or “bottom line” cell or cells, and TopRank will automatically find and vary all input cells which affect your output. The end result is identification and ranking of all input factors which affect your bottom line.

» More on TopRank

NeuralTools® for predictive analysis using intelligent neural networks

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

» More on NeuralTools

StatTools® for forecasting and advanced statistical analysis

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

» More on StatTools

Evolver for sophisticated optimization

Evolver performs optimization in Microsoft Excel using genetic algorithms, linear programming, or the OptQuest solving methods. It is equally suited to finding the best solution to linear problems large and small, or to finding 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.

» More on Evolver

RISKOptimizer® combines optimization and Monte Carlo simulation for optimization under uncertainty

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

» More on RISKOptimizer



Combine Products for Greater Insights

Each component of the DecisionTools Suite can perform a powerful analysis. When you combine these products, you can achieve more complete results than any single program can provide.

TopRank, then @RISK
Run a “what if” analysis with TopRank to determine the most critical factors in your model. Then define those that are uncertain with @RISK probability distribution functions. Run a Monte Carlo simulation to see what the possible outcomes may be, and how likely they are to occur.

PrecisionTree, then @RISK and TopRank
Create a decision tree with PrecisionTree to map out complex, multi-layered decisions. Add @RISK functions at chance nodes and payoff nodes to describe uncertain outcomes. Run a Monte Carlo simulation on your tree to quantify your risks. Bring in TopRank to identify the critical factors in your tree.

@RISK then RISKOptimizer
After simulation, run RISKOptimizer on an existing @RISK model to maximize your profits, minimize your costs, or achieve a particular target. RISKOptimizer uses the same functions as @RISK.

Evolver, then NeuralTools
Optimize complex problems with Evolver. Set your target goal as the live predictive output for NeuralTools, and the cells for Evolver to adjust as the new inputs for NeuralTools. Then watch Evolver and NeuralTools work together to predict the optimal solution.



DecisionTools Suite Industries & Applications

The DecisionTools Suite is used to analyze risk and uncertainty in a wide variety of industries. From the financial to the scientific, anyone who faces uncertainty in their quantitative analyses can benefit from The DecisionTools Suite.

INDUSTRY SAMPLE APPLICATION
FINANCE AND SECURITIES
» Models
» Case Studies
Retirement planning
Currency valuation
Real options analysis
Discounted Cash Flow analysis
Value-at-risk
Portfolio optimization
INSURANCE / REINSURANCE
» Models
» Case Studies
Loss reserves estimation
Premium pricing
MANUFACTURING
» Case Studies
Six Sigma and quality analysis
New product analysis
Production siting
Plant shutdown
Product life cycle analysis
OIL / GAS / ENERGY
» Models
» Case Studies
Six Sigma and quality analysis
Exploration and production
Oil reserves estimation
Capital project estimation
Pricing
Regulation compliance
PHARMACEUTICALS / MEDICAL / HEALTHCARE
» Case Studies
New product analysis
R&D estimation
Disease infection estimation
ENVIRONMENT
» Case Studies
Endangered species preservation
Pollution cleanup and projections
GOVERNMENT AND DEFENSE
» Case Studies
Resource allocation
War games
Welfare and budgetary projections
AEROSPACE AND TRANSPORTATION
» Case Studies
Cost estimating
Highway planning and optimization
Supply chain distribution

Save Over 50%

When you buy the DecisionTools Suite, you save over 50% versus buying all components individually. The best analyses at a great price–with the DecisionTools Suite.

» Price Comparison Chart

Excel Ease of Use

The DecisionTools Suite integrates completely with your spreadsheet. Browse, define, analyze – while never leaving Excel. All DecisionTools Suite functions are true Excel functions, and behave exactly as native Excel functions do. Windows are all linked directly to cells in your spreadsheet, so changes in one place are carried out in the other. Graphs point to their cells via callout windows. Drag-and-drop ease, context-sensitive right-click menus, and intuitive toolbars make learning and navigating DecisionTools Suite a snap.

Two Editions to Meet Your Needs















DecisionTools Suite Features & Benefits
FEATURES BENEFITS
See all possible outcomes with Monte Carlo simulation Avoid pitfalls and identify opportunities in @RISK or PrecisionTree models
Map out decisions with decision trees and influence diagrams Identify and illustrate the best alternative
Works in Excel No need to learn new applications from scratch
Genetic algorithms and OptQuest optimization methods Solve complex, nonlinear problems involving uncertainty
Linear Programming solving methods Solve linear problems – both large and small – quickly and accurately
Sensitivity or What-If Analysis Identify the most important variables in @RISK or PrecisionTree models
Distribution viewing and fitting Accurate description of uncertainty
Presentation-quality graphs and reports Easily explain results and recommendations to others
Full integration between programs Easily install and migrate between component tools; apply analyses from one tool to another tool’s model for greater insight
Parallel processing Speed up large Monte Carlo simulations by using available CPUs within a single machine
Bundle pricing Save money compared to buying products separately

Licensing and Training

The DecisionTools Suite is available through a variety of licensing options, including corporate, network, and academic licenses. Training, consulting, and books can be bundled with your software to ensure you and your staff get the most out of your investment.

100% Excel

@RISK simulations are calculated 100% within Excel, supported by Palisade sampling and statistics proven in over thirty years of use. Palisade does not attempt to rewrite Excel in an external recalculator to gain speed. A single recalculation from an unsupported or poorly reproduced macro or function can dramatically change your results. Where will it occur, and when? Palisade harnesses the power of multiple CPUs and multi-core processors to give you the fastest calculations. Correct results—and fast—using @RISK and the DecisionTools Suite!

64-bit Compatible

Compatibility: @RISK and DecisionTools Suite software is compatible with all 32-bit and 64-bit versions of Microsoft Windows XP through 10, Excel 2007 through 2013, and Project 2007 through 2013.

64-bit Compatible: 64-bit technology enables Excel and DecisionTools software to access much more computer memory than ever before. This allows for vastly larger models and greater computational power.

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