About Model Building and Risk Analysis

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 (Quantifying Risks with Spreadsheet Models).

  2. Run a simulation on it (Monte Carlo Simulation and Crystal Ball).

  3. Analyze the results (Crystal Ball Charts, Reports, and Data).

Topics in this section build a foundation for understanding the many ways Crystal Ball and related Oracle products can help you minimize risk and maximize success in many decision-making environments.