Overview of Palisade Risk Platform 2025
The Palisade Risk Platform (formerly known as the DecisionTools Suite) is a comprehensive suite of risk analysis and decision-making tools integrated with Microsoft Excel, developed by Palisade Corporation (now part of Lumivero). It enables quantitative risk assessment using Monte Carlo simulations, optimization, decision trees, and statistical analysis for industries like finance, engineering, project management, and consulting. The platform includes flagship tools such as @RISK (for simulation), DecisionTree (for decision modeling), StatTools (for statistics), PrecisionTree (for trees), TopRank (for sensitivity), and RISKOptimizer (for optimization).
As of October 28, 2025, the “2025” designation likely refers to the ongoing annual update cycle, with the latest release being @RISK 8.10 (October 2025 Update), bundled within the DecisionTools Suite 8.10. This version emphasizes interface enhancements, error handling, and usability improvements, building on the major @RISK 8 overhaul from earlier in the decade. It supports Excel 2016–2021 (including Microsoft 365) and focuses on faster simulations, better multi-dimensional analysis, and seamless integration with modern Excel features like dynamic arrays.
Key New Features in 2025 Update (v8.10)
The October 2025 update introduces targeted enhancements for robustness and user experience, particularly in simulation diagnostics and reporting. Here’s a summary of major additions and refinements:
| Feature Category | Description | Benefits |
|---|---|---|
| Error Handling | New functionality to identify and flag misconfigured @RISK elements, including distribution functions, outputs, and statistic functions. Warnings appear in previews, reports, and live prediction cells for issues like out-of-range values in training variables. | Reduces setup errors in complex models; speeds up troubleshooting for large-scale risk assessments. |
| RiskJointProbMultiDim Function | Calculates the fraction of simulation iterations where multiple outputs/inputs meet specified range conditions across worksheets. Supports selecting ranges from different sheets in the same workbook. | Enables advanced multi-variable probabilistic analysis, ideal for joint probability scenarios in finance or project risk. |
| RISKOptimizer UI & Performance | Improved interface with faster optimization algorithms, leveraging 64-bit Excel for quicker convergence in large datasets. | Enhances decision optimization workflows, e.g., portfolio balancing or resource allocation under uncertainty. |
| Stress Analysis & Sensitivity Tools | Updated UIs for @RISK Stress Analysis and Advanced Sensitivity Analysis, with streamlined dialogs and better visualization of thresholds. | Simplifies “what-if” scenarios for stress testing models against extreme conditions. |
| Neural Network Predictions | Enhanced warnings in PN/GRN (Probabilistic Neural/Genetic Regulatory Network) testing for out-of-range prediction cases, integrated into reports and live cells. | Improves reliability of AI-driven risk predictions in dynamic models. |
| Reporting & Export | New PDF export and print options for SRA (Schedule Risk Analysis) Gantt Charts, with customizable scales, dates, margins, and orientations. Online documentation for Evolver (optimization tool) with direct dialog links. | Facilitates professional reporting and sharing of probabilistic timelines in project management. |
| Licensing & Updates | Lumivero licensing now fully supports trial versions; improved Software Update interface for seamless patches. | Eases adoption for new users and ensures compliance with enterprise environments. |
