@RISK® is used to answer these and many other project management questions every day. An important application of @RISK is the analysis of risks in cost estimation and project scheduling. @RISK for Excel integrates with Microsoft Project, allowing you to perform all your risk modeling from the more flexible Excel environment. @RISK imports your Project schedules into Excel so that you can use all of Excel’s formulas, and @RISK’s features, on your Project models. Excel becomes a front-end for your Microsoft Project schedule, linking directly to the underlying .MPP(X) file. Changes made in either Project or Excel are reflected in the other. When it’s time to run your Monte Carlo simulation, Microsoft Project’s scheduling engine is used for the calculations, ensuring accuracy. The bottom line for project managers is an integrated toolset that – finally – brings together cost, schedule, and financial risk modeling in a single, accessible environment.