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Simulation in Excel

Monte Carlo Simulation

Uncertainty is always present in business, but your analysis will allow leaders to make calculated risks. In this course, you’ll learn how to use simulation to identify the most likely future outcomes in an uncertain climate.

Intermediate        12 Lessons        150 Minutes        CPD Credits
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About This Course

By simulating the best, worst-case scenarios of a business choice, you offer valuable insight into how your company will cope in each case. In this course, you’ll learn how to do this with Monte Carlo Simulation.

Throughout this course, you’ll learn how to use simulations, summary statistics, a frequency distribution table, and a histogram to understand the results of a project length simulation.

By the end of the course, you’ll be best placed to analyze all potential outcomes for a future business operation, using the past to predict the future, as best you can.

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Learning Outcomes

  • Explain the principles of Monte Carlo simulation
  • Create a simulation and repeat it many times
  • Analyze the results of a simulation
  • Simulate variables from a variety of probability distributions
  • Understand different distributions that a process may follow


1. Principles of Monte Carlo Simulation
2. Creating a Single Simulation
3. Creating a Repeated Simulation
4. Analyzing Simulation Results
5. Simulating Activity Times
6. Simulating Project Length

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7. Analyzing the Project Simulation
8. Simulating Demand for a Product
9. Simulating Costs for a Product
10. Simulating Profits for a Product
11. Analyzing our Profit Model
12. Determining the Appropriate Distribution
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