Lumivero offers tools that compute and track possible future scenarios using Monte Carlo simulations. These are computerized, mathematical techniques to calculate the likelihood of any given scenario occurring, thus empowering you to account for risk in your decision-making. Look into every possible outcome, understand its probability, and confidently make decisions based on the easy-to-read reports.

Corporate leadership is ready to launch a new venture, but much is still unknown. What is the probability the new venture will make money or take a loss, and why? Is the planned budget sufficient, or will the company need a contingency? You could go around the room and get everyone’s opinions, or you can see for yourself with Lumivero’s tools. By running simulations based on known data or expert opinion, you can see the probability of each potential outcome and choose strategies with confidence.

Leaders consider many factors when making decisions, but not every factor has the same impact. Using sensitivity analysis with Lumivero’s tools, decision-makers can see which inputs have the most significant impact on outcomes, so they can prioritize the strategies that get the critical factors right.

Running Monte Carlo simulations with a Lumivero tool doesn’t require you to implement and learn an entirely new software platform. It’s an Excel add-on, so you can run all these calculations and gain the insight you need while using a familiar foundational platform.