RiskSpace Explorer

RiskSpace Explorer

Simplifying Monte Carlo Simulations for Risk Professionals

RiskSpace Explorer is a browser-based application designed to make Monte Carlo simulations accessible to risk professionals without extensive technical backgrounds. Visualise uncertainty, model complex scenarios, and gain valuable insights - all from your web browser.

What is RiskSpace Explorer?



RiskSpace Explorer is a Monte Carlo simulation tool tailored for users who are familiar with risk assessment but may not have deep expertise in probabilistic modelling. By operating directly within a web browser, the application removes the need for specialised software, allowing users to conduct simulations and visualise results with ease.

To effectively manage risk, understanding and quantifying uncertainty is crucial. Monte Carlo simulations are a powerful tool for this purpose, enabling risk professionals to model a wide range of scenarios and assess potential outcomes. However, the complexity of these simulations can be a barrier for those new to the field.

Core Features

  • Easy parameter definition with uniform and normal distributions
  • Risk assessment modeling with Monte Carlo simulation
  • Visual representation of results through histograms and CDFs
  • Dependency analysis to understand relationships between variables
  • Save and compare multiple simulation runs
  • Web-based interface - no installation required

Who Can Benefit?

Risk Managers

Quantify uncertainties in your risk models and produce reliable forecasts for decision-making.

Financial Analysts

Model complex financial scenarios and understand the range of possible outcomes.

Project Managers

Estimate project risks, costs, and timeline variations with greater accuracy.

Business Planners

Improve forecasting and strategic planning by incorporating uncertainty into your models.

Risk Scenario Examples

Explore dozens of pre-built scenarios to understand how RiskSpace Explorer can model various business situations. Use them as templates or starting points for your own risk modeling. Each scenario can be accessed from the app by clicking the "Select Scenario" button.

Mr. Whimsy's Ice Cream Season

A seasonal business affected by weather conditions, equipment failures, and demand fluctuations. See how Monte Carlo simulation can help estimate total revenue despite these uncertainties.

Try this scenario

AML System Failure

Model the financial impact when a key third-party service provider responsible for anti-money laundering transaction monitoring experiences a system crash.

Try this scenario

Software Project Cost Risk

Analysis of software project costs considering professional services, overhead costs, and license costs with their interconnected relationships.

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Reputational Damage Model

Inspired by the TSB IT incident, this scenario models the financial consequences of reputational damage through customer behavior changes and financial sensitivity.

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Rogue Trading Risk

A comprehensive assessment of an institution's vulnerability to rogue trading incidents, incorporating control effectiveness, market conditions, and behavioral risks.

Try this scenario

Ransomware attack path model

Comprehensive model of cyber attack path probability analysis with contact rate, technique probabilities and foundation multipliers.

Try this scenario

Learning Resources

User Guide

Our comprehensive guide walks you through creating effective risk scenarios, defining parameters, and interpreting simulation results.

Read User Guide

Example Scenarios

Learn from our pre-built scenarios that demonstrate how to model different types of risk across various industries and use cases.

Browse Examples

Connect With Us

Consulting Services

Need help developing custom scenarios or deeper insights into your risk models? Our team can help tailor solutions to your specific business needs.

hello@riskspace.com

Learning & Support

Have questions about Monte Carlo simulation or need assistance with the tool? We're here to help you get the most from RiskSpace Explorer.

hello@riskspace.com