Reallocate Fairly

After you decide how to balance the budget, use your model and scenarios to support the results. To show the departments how you reached a decision, create a summary report showing the scenarios you considered. Demonstrate the final distribution with a chart showing the division of resources. A pie chart is a good way to show the relationship of parts to a whole, so use this chart type to show how the allocation is divided among departments. For information on other chart types, see Create a Chart from Worksheet Data.

Name the cells used in scenarios   When you create a scenario summary report, the titles shown for result cells and changing cells ordinarily consist of cell references, such as $C$6. It is helpful to assign names to these cells. For example, cell C6 is named “Marketing_Projected,” and appears as such in the scenario summary report. To assign names to cells, click Name (Insert menu), and then click Define. Chart the original figures for comparison   To justify your final choice of distribution, present the two charts together with the summary of the alternatives you tried.

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Want to know more?   Look up Getting Results - Budgeting in Help.