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Worksheet 5

The document describes how to use Scenario Manager in Excel to perform what-if analysis. It provides steps to create multiple scenarios by changing the price per unit cell and viewing results. A summary of all scenarios is then generated to compare the profit under different price points. The analysis found that higher prices per unit led to maximum profits for the business. Scenario Manager allows sensitivity analysis by storing different data versions without changing the original data.

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Vikrant bisht
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67 views7 pages

Worksheet 5

The document describes how to use Scenario Manager in Excel to perform what-if analysis. It provides steps to create multiple scenarios by changing the price per unit cell and viewing results. A summary of all scenarios is then generated to compare the profit under different price points. The analysis found that higher prices per unit led to maximum profits for the business. Scenario Manager allows sensitivity analysis by storing different data versions without changing the original data.

Uploaded by

Vikrant bisht
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Experiment 5

Scenario Manager

Student Name UID


Branch: MBA Section/Group:
Semester: Date of Performance:
Subject Name: Subject Code:

1. Aim/ Overview of the practical-

The practical is aimed to help in understand the following


 To learn how the data is entered in excel.
 To know how to carry out What If Analysis: Scenario Manager
 With Scenarios in Excel, you can store multiple versions of data, in the same cells. .
 Interpreting the results from the output.

a) Steps of the practical-

Setting up Scenario Manager in Excel

1. Go to Data Tab > Data Tools > What-If Analysis > Scenario Manager.

2. In the Scenario Manager dialogue box, click on Add.

3. In the Add Scenario dialogue box, fill in the following details:

 Scenario name: 30 Price per unit


 Changing cells: C4
 Comment: Any comment you wish you add. You can also leave this blank.
4. Click OK. This opens the Scenario Values dialogue box.
5. In the Scenario Values dialogue box, fill in the following value (since this is the 30
Price per unit scenario, enter the values accordingly).
If you create names for each cell, that name is visible instead of the cell address:
$C$4: 45

6. Click OK (Click on Add if you want to add another scenario).

This creates 30 Price per unit scenario for this data set. You can similarly follow these steps and
create multiple scenarios (For example, 40 Price per unit scenario, 24 Price per unit
scenario, 20 Price per unit scenario, 50 Price per unit scenario).

Once you have created all the scenarios, you can view the result from each of the scenarios by
simply double clicking on any of the scenario. As you double click, the values would change
based on that scenario.

Additionally, you can also create a summary of all the scenarios.

Create a Summary of all the Scenarios:

 Click on the Summary button in the Scenario Manager Dialogue box.

 In the Scenario Summary dialogue box, select Scenario Summary or Pivot Table (these
are the 2 ways to show summary). Also specify the Result cells (the cell where you have
the output of this calculation; C7 in this example)

 Click OK. Instantly a new tab is created with the summary of all the five scenarios for
the business house.
Scenario manager in Excel is a great tool when you need to do sensitivity analysis. Simply
create scenarios and a summary can be generated instantly, giving you a complete comparative
overview.

b) OUTPUT-
As we have a data set of a business house in which the business house have look on their
profit by selling the per unit of product.
By creating a different scenario value of price per unit of product, we can easily find that on
what price business house should sales their product, so that they earn more profit.
By seeing the summary report of 5 different scenario value we found that if business house
keep price per unit of product low then company doesn’t earn much profit. Only if business
house will sell their product at a high price then only the company is successed to earn
maximum number of profits.

c) Images of the steps and output-


 Fill data into the MS excel
 Click on data tab and then click what if analysis and select scenario manager.

 In the scenario manager dialog box click add.


In scenario dialog box, fill all the details and add them.

Once you have created all the scenarios, you can view the result from each of the scenarios by
simply double clicking on any of the scenario. As you double click, the values would change
based on that scenario.

In the Scenario Summary dialogue box, select Scenario Summary.


Scenario manager in Excel is a great tool when you need to do sensitivity analysis. Simply create
scenarios and a summary can be generated instantly, giving you a complete comparative
overview.

Learning Outcome-
 To understand that how we can see the impact of changing input values without changing
the actual data
 This technique can help us to decide between multiple courses of action or what the
implications are among several possibilities.
 To learn how to interpret the results from output.

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