This paper describes a major new release of the PRISM probabilistic model checker, adding, in particular, quantitative verification of (priced) probabilistic timed automata. These model systems exhibiting
characteristics. In many application domains, all three aspects are essential; this includes, for example, embedded controllers in automotive or avionic systems, wireless communication protocols such as Bluetooth or Zigbee, and randomised security protocols. PRISM, which is open-source, also contains several new components that are of independent use. These include: an extensible toolkit for building, verifying and refining abstractions of probabilistic models; an explicit-state probabilistic model checking library; a discrete-event simulation engine for statistical model checking; support for generation of optimal adversaries/strategies; and a benchmark suite.