New Perspectives Excel 2019 | Module 8: SAM Critical Thinking Project 1c Cairo Consulting EXPLORE BUSINESS OPTIONS WITH WHAT-IF TOOLS GETTING STARTED Open the file NP_EX19_CT8c_FirstLastName_1

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New Perspectives Excel 2019 | Module 8: SAM Critical Thinking Project 1c

Cairo Consulting

EXPLORE BUSINESS OPTIONS WITH WHAT-IF TOOLS

GETTING STARTED

• Open the file NP_EX19_CT8c_FirstLastName_1.xlsx, available for download from the SAM website.
• Save the file as NP_EX19_CT8c_FirstLastName_2.xlsx by changing the “1” to a “2”.
  • If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically.
• With the file NP_EX19_CT8c_FirstLastName_2.xlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet.
  • If cell B6 does not display your name, delete the file and download a new copy from the SAM website.
• This project requires you to use the Solver add-in. If this add-in is not available on the Data tab in the Analyze group (or if the Analyze group is not available), install Solver as follows:
  • PC: In Excel, click the File tab, and then click the Options button in the left navigation bar. Click the Add-Ins option in the left pane of the Excel Options dialog box. Click the Manage arrow, click the Excel Add-Ins option, and then click the Go button. In the Add-Ins dialog box, click the Solver Add-In check box, and then click the OK button. Follow any remaining prompts to install Solver.
  • Mac: Click Tools, and then click Excel Add-Ins. Click the Solver Add-in option to enable it, and then click OK.

• PROJECT STEPS

1. Dewayne Lipinski works for Cairo Consulting in Albuquerque, New Mexico. As an intern, he is developing a workbook that includes the financial details of the consulting services that the company offers. Dewayne has been asked to analyze the data to find the most profitable mix of offerings using the most cost-effective service providers.
   Switch to the Management worksheet. Create a one-variable data table to calculate the sales, expenses, and profit based on the hours of management consulting contracted as follows:
   1. In the Management – Profit Analysis section, just below the Hours Contracted heading, use a cell reference to the hours sold in the Sales section.
   2. Under Total Sales, use a cell reference to the total sales in the Profit section.
   3. Under Total Expenses, use a cell reference to the total expenses in the Profit section.
   4. Under Gross Profit, use a cell reference to the gross profit in the Profit section.
   5. Complete the one-variable data table, using the cell reference to the hours sold in the Sales section as the column input cell for your data table.
2. Create a two-variable data table to calculate the gross profit based on the hours of management consulting contracted and the hourly rate charged as follows:
   1. For the Management – Gross Profit Analysis section, create a two-variable data table using the price per hour in the Sales section as the row input cell.
   2. Use the hours sold in the Sales section as the column input cell.
   3. Apply a custom format to cell D14 to display the text Hours/Price in place of the cell value.
3. Switch to the Change worksheet. Create a Scatter with Straight Lines chart based on the data in the Organizational Change – Break-Even Analysis data table. Do not include the table title or the Gross Profit values.
4. Modify the new chart as follows:
   1. Resize and reposition the chart so that it covers the range D15:H32.
   2. Remove the chart title from the chart.
   3. Add Sales and Expenses as the vertical axis title and Hours Contracted as the horizontal axis title.
5. Change the Bounds Axis Options as follows:
   1. Change the minimum bounds of the vertical axis to 1,000,000 and leave the maximum bounds at 2,000,000.
   2. Change the number format of the vertical axis to Currency with zero decimal places and $ as the symbol.
   3. Change the minimum bounds of the horizontal axis to 3,000 and the maximum bounds to 5,000.
6. Create two scenarios to compare the costs for standard consultants and for consultants with change certification as follows:
   1. In the Scenario Manager, add two scenarios using the data shown in bold in Table 1 below.
   2. The changing cells for both scenarios are the nonadjacent cells B11 and B14.
   3. Close the Scenario Manager without showing any of the scenarios.

7. Switch to the Process worksheet. Create a Scatter with Straight Lines chart based on the data in the Process Consulting – Net Income Analysis data table. Begin at the cell containing 3,500, and do not include the table title.
8. Modify the new chart as follows:
   1. Resize and reposition the chart so that it covers the range D15:I32.
   2. Remove the chart title from the chart.
   3. Reposition the chart legend to the right of the chart.
   4. Add Net Income as the vertical axis title and Hours Contracted as the horizontal axis title.
   5. Change the colors of the chart to Monochromatic Palette 1 (1st row in the Monochromatic palette).
9. Change the Bounds Axis Options for the new chart as follows:
   1. Change the minimum bounds of the vertical axis to -100,000 and the maximum bounds to 650,000.
   2. Set the horizontal axis to cross at the axis value -100,000.
   3. Change the number format of the vertical axis to Currency with zero decimal places and $ as the symbol.
   4. Change the minimum bounds of the horizontal axis to 3,500 and the maximum bounds to 7,500.
10. Edit the chart series names as follows:
    1. For Series 1, use cell E5 as the series name.
    2. For Series 2, use cell F5 as the series name.
    3. For Series 3, use cell G5 as the series name.
    4. For Series 4, use cell H5 as the series name.
    5. For Series 5, use cell I5 as the series name.
11. Cairo Consulting wants to determine whether reselling process consulting services provided by third parties would reduce the costs of this type of consulting. Switch to the Process Providers worksheet, and then run Solver to solve this problem as follows:
    1. Set the objective as minimizing the value in cell E10 (Total Costs).
    2. Use the range B4:D4 as the changing variable cells.
       Adjust the hours provided by each company using the following constraints:
    3. E4=5500, the total hours of process consulting signed
    4. E10 is less than or equal to 1350000, the maximum third-party fees
    5. B4:D4 is less than or equal to 5000, the maximum hours provided by a single third-party provider
    6. B4:D4 should be an integer
    7. Run Solver, keep the solution, and then return to the Solver Parameters dialog box. Save the model to the range A14:A21, and then close the Solver Parameters dialog box.
12. Switch to the All Types worksheet. Use the Scenario Manager to create a Scenario Summary report that summarizes the effect of the Status Quo, Third Party, and Raise Rates scenarios. Use the range B17:D17 as the result cells.
13. Switch back to the All Types worksheet. Use the Scenario Manager as follows to compare the profit per hour in each scenario:
    1. Create a Scenario PivotTable report for result cells B17:D17.
    2. Remove the Filter field from the PivotTable.
    3. Change the number format of each of the fields in the Values area of the PivotTable Field List to Currency with two decimal places and $ as the symbol.
    4. Use Management as the row label value in cell B3, Change as the value in cell C3, and Process as the value in cell D3.
    5. In cell A1, use Profit Per Hour Contracted as the report title.
    6. Format the report title using the Title cell style.
    7. Resize columns A–D to 15.00.
14. Add a PivotChart to the Scenario PivotTable worksheet as follows:
    1. Create a Clustered Column PivotChart based on the PivotTable.
    2. Resize and reposition the chart so that it covers the range A8:D20.
    3. Hide the field buttons in the chart. [Mac Hint: The Field Buttons option is not available on Excel 2019 for the Mac, so Mac users can ignore this instruction.]

Your workbook should look like the Final Figures on the following pages. Save your changes, close the workbook, and then exit Excel. Follow the directions on the SAM website to submit your completed project.