Getting to risk aggregation in Excel in just a few steps, even as a beginner? Many companies already practice risk management. But anyone who works only with fixed values and without Monte Carlo simulations and risk aggregations risks overlooking important aspects. Simulations look complex at first glance, but with Risk Kit the implementation becomes surprisingly simple: clearly structured and immediately usable for anyone who has ever entered an Excel formula. In our one-minute spotlight “ERM with Risk Kit,” we guide you and every beginner through the most important topics in just a few minutes and show you how to take your enterprise risk management to a first risk aggregation. 1. Record risks in Excel as usual. 2. Specify ranges instead of fixed values for risk losses (e.g. a triangular distribution with minimum, maximum, and most likely value). 3. Start the simulation, thousands of scenarios are calculated automatically. 4. Evaluate the results: Value at Risk, charts, and more at the push of a button. This is how a practical risk model emerges in a short time, directly in the Excel spreadsheet. In the one-minute spotlight “ERM with Risk Kit,” we show step by step how this works. #RiskManagement #ERM #MonteCarlo #RiskKit
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