Cairo Consulting

EXPLORE BUSINESS OPTIONS WITH WHAT-IF TOOLS

 

     GETTING STARTED

  • Open the fileNP_EX19_8a_FirstLastNamexlsx, available for download from the SAM website.

    Files downloaded from the SAM website are safe and do not contain viruses, but due to a recent Microsoft policy update, macros in downloaded files are disabled by default. To complete this project, you will need to enable macros in the file. To enable macros on this file:

    • For PC: Open Windows File Explorer and go to the folder where you saved the file. Right-click the file and choose Properties from the context menu. At the bottom of the General tab, select the Unblock checkbox and select Apply, and then click OK.
    • For Mac: If a dialog box about macros appears, click Enable Macros.
  • Save the file as NP_EX19_8a_FirstLastNamexlsx 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_8a_FirstLastNamexlsx 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. 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 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 cell D5, enter a formula without using a function that references cell B4, which is the expected hours of management consulting contracted.
    2. In cell E5, enter a formula without using a function that references cell B19, which is the expected total sales for management consulting.
    3. In cell F5, enter a formula without using a function that references cell B20, which is the expected total expenses for this product.
    4. In cell G5, enter a formula without using a function that references cell B21, which is the expected gross profit for this product.
    5. Select the range D5:G10 and then complete the one-variable data table, using cell B4 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:
    1. For the range D14:K19, create a two-variable data table using the hourly rate charged (cell B5) as the Row input cell.
    2. Use the hours of management consulting contracted (cell B4) 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 Create a Scatter with Straight Lines chart based on the range D4:F14 in the data table Organizational Change – Break-Even Analysis.
  4. Modify the new chart as follows:
    • Resize and reposition the chart so that it covers the range D15:H32.
    • Remove the chart title from the chart.
    • 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 0 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 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.

Table 1: Organizational Change Scenario Values

 

Values Scenario 1 Scenario 2
Scenario Name Standard Certified
Variable_Cost_Per_Hour_Change (B11) 380 420
Total_Fixed_Cost_Change (B14) 380,000 335,000

 

  1. Switch to the Process Create a Scatter with Straight Lines chart based on range D6:I14 in the data table Process Consulting – Net Income Analysis.
  2. Modify the new chart as follows:
    • Resize and reposition the chart so that it covers the range D15:I32.
    • Remove the chart title from the chart.
    • Reposition the chart legend to the right of the chart.
    • Add Net Income as the vertical axis title and Hours Contracted as the horizontal axis title.
    • Change the colors of the chart to Monochromatic Palette 1 (1st row in the Monochromatic palette).
  3. 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 0 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.
  4. 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.
  5. 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.
  6. Switch to the All Types 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.
  7. Switch back to the All Types Use the Scenario Manager as follows to compare the profit per hour in each scenario:
    • Create a Scenario PivotTable report for result cells B17:D17.
    • Remove the Filter field from the PivotTable.
    • Change the Number format of the Profit_Per_Hour_Contracted_Mana, Profit_Per_Hour_Contracted_Chan, and Profit_Per_Hour_Contracted_Proc fields (located in the Values box of the PivotTable Field List) to Currency with 2 Decimal places and $ as the Symbol.
    • 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.
    • In cell A1, use Profit Per Hour Contracted as the report title.
    • Format the report title using the Title cell style.
    • Resize columns A–D to 15.00.
  8. 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.

 

Final Figure 1: Management Worksheet

 

Final Figure 2: Change Worksheet

 

Final Figure 3: Process Worksheet

 

Final Figure 4: Process Providers Worksheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final Figure 5: Scenario Summary Worksheet

 

Final Figure 6: Scenario PivotTable Worksheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final Figure 7: All Types Worksheet

 

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