Create a Scenario
Last updated
Last updated
Scenarios are particularly useful when you want to perform what-if analysis on the model, and you can save each instance as an individual scenario. This way, you have multiple scenarios to analyze and conduct scenario analysis.
A scenario can have a single driver node or multiple driver nodes simulated at once.
To simulate multiple combinations of drivers and evaluate their possible outcomes by adding, removing, or combining the required combinations, you can use initiatives within a scenario. To learn more, click here.
On opening the Simulate tab, the default scenario named Scenario 1 is available without any simulations performed on it.
To create a new scenario, click on the + Add New Scenario option.
This opens the Create New Scenario pop-up window where you can enter a title for your scenario and select the baseline series on which the simulations will be performed. Click Create which opens the new scenario.
You can now perform your desired simulations here. To learn more about managing the scenarios that you have created, click here.
Scenarios are not stored as data series that can be used for further planning and analysis. Use the Plan Tab for such cases.
A plan series can however be simulated on the Simulate tab as a baseline or as a comparison.
With ValQ, you can build a model of your business process and view it in the form of a tree as well as a table.
Toggle between the below icons present on the top right corner of the canvas to change the view.
The tree is presented in a horizontal format as a visual. Its structure begins with a single node called Top node/ Root node and this node then branches out to other nodes as children/ descendants.
In the below image, the model is segmented into levels starting from level 1 with the Top node named 'Total Net Profit'. The nodes share a parent-child relationship at each level. For example, the 'Total Net Profit' node is the Parent node while 'US' node, 'Asia' node and 'Europe' node are its child nodes. Similarly, the 'US' node is the parent of 'Clothing' and 'Beverages' nodes and so on.
Click on > to expand and < collapse levels. Following are the options available to search and drill through the model.
Go to level option to navigate between different levels.
Search option to search and get to a particular node.
Zoom icon to zoom in/out of the canvas.
Full or minimal view option for the nodes.
The same information can be viewed in tabular form as seen in the image below. The total value of a node can be simulated on the Table view to view the results. This view is preferred if you want to see more details about the nodes especially the simulation impact and the variances at the period level.
Table View also has Search and Filter options to search for and filter the required nodes.
In both tree and table views, you can display or hide a few details like variance, variance%, simulation impact%, trendlines, conditional formatting, secondary KPIs, etc. using the Manage View option at the top of the toolbar.
You can also view the simulation results for the full year or the simulation period from this menu. Click here to learn more about it.
In the next section, we'll see how to simulate the scenarios.
If you want to understand the components present in the node, you can refer to this section: Understanding the Node Components.
Click on the table icon to go to the Table View. Observe the simulation slider available on Total cell of 'Other Income' node.
