@RISK risk analysis software using Monte Carlo simulation is used for a wide variety of applications. In this model, we have an example of a general usage to address Operational Risk.
In many circumstances one wishes to calculate the aggregate impact of many possible yes/no type events. For example, it is often important to answer questions such as "What is the loss amount that will not be exceeded in 95% of cases?" @RISK simulation can be used to answer such questions.