2. Scenario Management For Decision Making Scenario are part of suit of command some time called what –if analysis tools. A scenario is a set of values that Microsoft Excel saves and can substitute automatically in your worksheet.You can use scenario to foercast the outcome of a worksheet model.You can create save different groups of values on a worksheet and then swtich to any of these new scenarios to view different results.

3. Create a scenario 1. On the Tools menu, click Scenarios 2. Click Add 3. In the scenario name box, type a name for the scenario. 4. In the changing cells box enter the reference for the cells that you want to change. Note To preserve the original values for the changing cell,create a scenario that uses the original cell values before you create scenarios that change the values.

4. 5. Under protection, select the option you want. 6. Click Ok. 7.In the scenario values dialogue box, type the value you want the changing cell. 8. To create the scenario, click ok 9.If you want to creat a additional scenarios,click Add again,and then repeat procedure.when you finish create scenarios, click ok, and then click close in the scenario manager dialogue box.

5. For Example If you want to create budget but are uncertain of your revenue, you can define different values for the revenue and then swtich between the scenario to perform what-if analyses. In the above example,you could name the senario worst case,set the value in cell B1 TO 1,00,000 and set the value in cell B2 to 26,400.

6. You could name the second scenario Best Case and change the value in B1 to 3,00,000 and B2 to 52,000.

7. Scenario summary Report To compare several scenarios, you can create a report that summarizes them on the same page. The report can list the scenarios side by side or summarize them in a pivot table report. Scenario summary report can be created in the following way. 1. On the Tools menu,click scenarios. 2. Click summary 3. Click scenario summary or scenario PiovtTable. 4. In the Result cell box,enter the reference for the cell that refer to cell s whose values are changed by the scenarios.separate multiple references with commas.

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