Last month, we used Goal Seek to determine the most reasonable mortgage payment within a specific budget. This month, we continue with the mortgage example using Scenario Manager. We’ll generate a ...

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 ...

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.

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.