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Why use Monte Carlo Simulation?

Forecasting the future, for any kind of project, can be a complex business. Usually many unknowns exist and a number of potential risks that may occur can dramatically change the forecast. When producing a forecast some assumptions about the future have to be made. The Monte Carlo simulation method is a very valuable tool for planning project schedules and developing budget estimates. Monte Carlo simulation uses a range of values to take into account the possible outcomes. Employing this technique provides valuable information to aid decision support, which can dramatically increase your chances of success. However, the common misconception is that this method is complicated to use and implement and this has resulted in it being under-utilized.

Simple yet powerful

We have made the procedure very simple to use and have provided a powerful tool for your use on all your projects. Our tutorials will guide you through the process using examples to illustrate the method, and help you gain an insight into how it can help you with your forecasting needs. Once you are familiar with this, you can try it for yourself using your own data in the simulation data entry section. Our basic tool is free and simple to use and you will get to see just how useful an aid in decision-making it will become.

Free use or flexible payment plan

Basic simulations providing a forecast are totally free. A more comprehensive simulation, which provides a greater level of accuracy in the forecast, is available using a variety of payment options. There are no long-term contracts, no sign-up fees, and no termination fees. Each option is designed to meet a different need and with this level of flexibility you only pay for what you use. With a more accurate forecast for your projects available for only $2, it is excellent value.

Fast, reliable, hassle-free

There is no software to download or install, no consultancy is required to get you going and there are no complex options that need understanding before you can try our solution. We are hosted on safe, fast, and reliable web servers, so you can use it without any worries. All you need is a web browser (IE 6/7, Firefox, or Safari) and an internet connection.

Got any questions?

If you have any questions then please contact us and we'll get back to you as soon as we can.

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