Model Building and Risk Analysis Overview

Crystal Ball is an analytical tool that helps executives, analysts, and others make decisions by performing simulations on spreadsheet models. The forecasts that result from these simulations help quantify areas of risk so decision-makers can have as much information as possible to support wise decisions.

The basic process for using Crystal Ball is to:

  1. Build a spreadsheet model that describes an uncertain situation.

  2. Run a simulation on it.

  3. Analyze the results.

The following sections give a brief overview of risk analysis and modeling. They build a foundation for understanding the many ways Crystal Ball and related products can help you minimize risk and maximize success in virtually any decision-making environment.