Monte Carlo Bell - Financial Impact Analysis

Softools' RiskPlan Monte Carlo - Bell analyses all of your Risks in a scenario based manner, empowering you with a spread of Financial Impacts and associated Probabilities. With this, easily visualise your most likely Financial cost per Risk and improve your forecasting accuracy.

^Monte Carlo - Bell^

Risk analysis if not already, should form a part of every business decision, yet naturally with such decisions comes uncertainty too. This is where a Monte Carlo analysis is at its most useful, using the Best, Worst and Expected costs of Risks, it is able to compensate for uncertain conditions.

Where the peak of the curve (or bell) represents the most likely value, positive or negative to your business, of any random Risk, the surrounding areas right and left represents the costs that are less likely to be experienced. Ultimately seeing all possible outcomes of your decisions and being able to assess the corresponding impact, facilitates better decision making under uncertain conditions and reduced exposure to unnecessary Risk.

• X-Axis: Value - The Financial cost of a Risk in a scenario.
• Y-Axis: Occurrences - The greater the Occurrences(Y), the more likely the associated Value(X) is.
• Top of the Curve: Hover your mouse here for the most likely cost per Risk, based on your entire portfolio.

Select this Report by using the Folders Menu when in the RiskPlan App.

Hover-Over for Precise Values

Hover your mouse over any point on the curve to be presented with precise stats.

Filterable - See more on Filters

Use Softools' Filter Builder to seamlessly target and analyse portions of your Risk data.

^Same Bar Chart as above Filtered to show the spread for 'Escalated' Risks^

Zoom-in for Closer Analysis

By holding a click and dragging over an area of focus, use Softools' zoom feature to look closely at a particular segment of the chart's data.

^Highlighted Area^

^New More Focused Monte Carlo - Bell^

Note: Make sure to click 'Reset Zoom' in the top right to return to the original chart form.

Exportable - See more on Exporting

Use Softools' Export function to instantly make this Report a shareable PDF or Word doc.

^Monte Carlo Export^