This 5 days intensive training program is for professionals, responsible for the preparation of budgets, plans and forecasts and those who are using them as well. The course will start with some exceptionally important advanced Excel tips that will be utilized during the course.
All of the tips coming together will orchestrate professional models that are dynamic and interactive. Very advanced tools like Monte Carlo simulation using Crystal Ball in Excel and Power Pivot (that is introduced recently in Excel) will be an inherent part of the program. When it comes to planning for the future in any organization, the biggest problem is how to account for uncertainty. Strictly (in financial terms), uncertainty is where there is more than one possible outcome to a course of action; the form of each possible outcome is known, but the probability of getting any one outcome is not known. It is a challenge to quantify uncertainty because it is not an observable variable, rather it's deduced from others.
However given a complete range of possible outcomes, one can make decisions that reduce this uncertainty. Monte Carlo simulation gives the power to solve a problem by directly simulating the underlying process and then calculating the possible results of the process with varying degrees of probability.
Moreover, the participants will learn how to develop Power Pivots that can handle data of up to 200 million rows of data on a standard desktop or laptop computers knowing that normal pivot tables in Excel usually choke after about 30,000 rows of data or so.
In addition, there are numerous other features in Power Pivot that will enrich the analysis of your data. For example, a Power Pivot can read data from different ranges which is something a normal pivot table cannot accomplish. A professional case study will examine the interactions within a Power Pivot example that will be a guide of something that can be implemented upon the completion of the course.
The course is very hands-on and practical in nature. That is what the trainer has been renowned for in different countries around the world. Please bring your laptop with Excel 2010 or higher. Power Pivot doesn’t work in Excel 2007.