Quantitative Risk Analysis Software NEW

Open Closing: 2 Oct 2026 at 16:00 Published: 22 Sep 2026

Overview

Summary

The South African National Space Agency seeks a desktop-based quantitative risk analysis solution for three years. The software must support Monte Carlo simulations, scenario analysis, and integrate with Microsoft Excel and Project.

Detailed Description

The South African National Space Agency (SANSA) is inviting proposals for a comprehensive quantitative risk analysis solution to enhance its decision-making capabilities. This software will be utilized for a period of three years, focusing on the identification, modeling, quantification, and communication of uncertainty and risk across various operational activities. The solution must be a desktop application compatible with Microsoft Windows, including integration with Microsoft Excel and Project, enabling users to perform advanced probabilistic risk analysis, Monte Carlo simulations, and sensitivity analysis.

Bidders are required to demonstrate the solution's capabilities through substantial evidence, such as model files or recorded demonstrations. The software must facilitate a transition from traditional deterministic models to a probability-based analysis, allowing SANSA to visualize a range of potential outcomes rather than relying on single-point forecasts. Additionally, the successful bidder will provide training and technical support, ensuring that SANSA personnel can effectively utilize the software to manage financial, programmatic, and operational risks. This tender presents an opportunity for businesses specializing in risk management software to contribute to SANSA's mission of advancing space science and technology in South Africa.

Suitable Businesses

This tender is suitable for software development companies specializing in risk analysis tools, particularly those with experience in quantitative modeling and integration with Microsoft products. Businesses that can provide robust training and support services for their software are encouraged to apply.

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