Q. How does the Scenario Manager in Excel work? A. Microsoft Excel’s Scenario Manager is a powerful tool for making informed financial decisions. It allows users to create and manage multiple data ...

TL;DR Key Takeaways : Excel’s “ What-If Analysis ” tools, including Goal Seek and Scenario Manager, simplify financial decision-making by automating calculations and analyzing various scenarios.

How to use Scenario Manager in Excel You’ll find that the Scenario Manager is easier to use, but you must ensure the relevant data has already been added to the spreadsheet before moving forward.

Excel has a built-in tool for achieving the solution you seek called Scenario Manager. You can access this tool from the Data tab by selecting What-If Analysis, Scenario Manager, as pictured below.

Learn how to use Excel’s What-If Analysis tools, including Goal Seek and Scenario Manager, to explore different scenarios and outcomes based on variable data inputs.

Susan Harkins continues her review of Excel's analysis tools with Scenario Manager.

Data Table, Charts, Scenario Manager, Goal Seek, and Solver are powerful Excel tools in solving financial problems. Incorporating these tools into finance teaching can help students understand finance ...