Is There Name Manager In Excel How To Use Scenario

Like Data Table in excel, you now input values that must change to achieve a specific goal.

Therefore, you can view the results of different input values or different scenarios at the same time.

Let us understand the working of the Scenario Manager tool in Excel with some examples.

So, you need to cut down your cost to save more for the future.

First, type the Scenario Name in the box as the Actual Budget.

In this first scenario, nothing will be changing because this is my actual budget for the month.

Since we do not want any changes to this scenario, just click OK.

Create a second scenario, and this where you need to make changes to your Food Clothes expenses.

Click OK, and now you are back to the Scenario Manager window.

Now we already have two scenarios named after Actual Budget Plan 2.

The values in your excel sheet will change, and the new budget will be calculated.

To create a summary report in excel, follow the below steps.

In the second scenario, savings are increased to 20,550 due to cost cut down in Food Clothes section, and finally, the third scenario shows the other scenario.

Perhaps this is enough to convince your family to change their lifestyle.

You can create the summary report in excel instantly to compare one plan with the other and decide the best alternative plan to get a better outcome.

Is There Name Manager In Excel How To Use Scenario

Here we walk through examples on how to use Scenario Manager in excel and create Summary Report along with downloadable excel templates.

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