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DecisionTools Suite is a comprehensive risk and decision analysis toolkit for Microsoft Excel, developed by Palisade (now part of Lumivero). It integrates Monte Carlo simulation, decision trees, optimization, forecasting, and statistical analysis into one package, making it a go‑to solution for engineers, analysts, and managers dealing with uncertainty.

Core Components

@RISK – Monte Carlo simulation for risk analysis; replaces uncertain values with probability distributions.
PrecisionTree – Decision trees, Bayesian revision, influence diagrams, and logic nodes for structured decision analysis.
TopRank – Automated “what‑if” sensitivity analysis to identify critical variables.
StatTools – Advanced statistical analysis, replacing Excel’s built‑in functions with robust procedures.
NeuralTools – Neural network predictions from partial datasets; live prediction updates as new data arrives.
Evolver – Optimization using genetic algorithms, linear programming, or OptQuest.
RISKOptimizer – Combines Monte Carlo simulation with optimization for efficient frontier analysis.
ScheduleRiskAnalysis (Industrial edition) – Monte Carlo simulation for project schedule uncertainty.