Formatting Diagrams in Diagram Master

This video demonstrates formatting diagrams in Diagram Master. Diagram Master is an Excel add-in for creating node based diagrams. For more information, visit the Diagram Master product page. Topics Covered Formatting all nodes at the same time. Formatting subsets of nodes. Formatting all connectors at the same time. Formatting subsets of connectors. Selecting/Deselecting individual nodes …

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Project Critical Path Analysis Using Simulation

Project critical path analysis can be performed using Monte Carlo simulation as a way to determine project completion time probabilities.  In this article, we will create a network diagram in Excel and a table to perform necessary logic operations. We will assume that each task follows the PERT distribution (also called Beta-PERT).  Using past experience, …

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Input Variable Correlation in Monte Carlo Simulation

When conducting a Monte Carlo simulation, correlation among input variables is an important factor to consider.  If input random variables are treated as independent, when they are actually correlated, risk can be under or over estimated. Let’s think about how this occurs, when two input variables have positive correlation, the value for each should be …

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Creating a Structured Diagram with Diagram Master

This video provides and overview of a structured diagram using Diagram Master. Diagram Master is an Excel add-in for creating node based diagrams. For more information visit the Diagram Master product page. Topics Covered Create a diagram worksheet. Add nodes. Edit nodes. Change diagram settings. Introduction This video demonstrates how to create a structured diagram …

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Diagram Master Overview

This video is an overview of the features of Diagram Master. Diagram Master is an Excel add-in for creating a node based Excel diagram. For more information, visit the Diagram Master product page. Topics Covered The structured diagram group on the ribbon is explained for the creation of structured node diagrams such as tree diagrams, …

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Analyzing Simulation Data with Simulation Master

This video demonstrates the simulation data analysis and reporting features of Simulation Master.  Simulation Master is an Excel add-in for Monte Carlo simulation.  For more information, please visit the Simulation Master product page. Topics Covered Probability analysis of an existing simulation data set. Create a summary report of an existing simulation data set. Create a …

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Basic Monte Carlo Simulation Using Simulation Master

This video demonstrates a basic Monte Carlo simulation using Simulation Master. Simulation Master is an Excel add-in for Monte Carlo simulation. For more information, please visit the Simulation Master product page. Basic Monte Carlo Simulation Topics Random variable function set-up in Excel model Using the Simulation Master “RV” worksheet functions to create random variables used …

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Simulation Master Now Available

We have released a new product!  Simulation Master is our new simulation package for Excel.  It features 11 continuous and 7 discrete distributions that will cover a wide variety of models.  Ease of use and useful tools are just some of the great features.  To learn more, check out the Simulation Master product page.