$47

Any Course

Improve your company's understanding and measurement of uncertainty so that you can make better decisions.

Better Forecasting by Projecting Ranges of Outcomes

Join Now for $47

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Get this course and all other CFO Perspective courses along with downloadable tools and access to Rob for only $290/year as part of a FAST membership.

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This course provides a practical framework for incorporating probability analysis into your financial projections, equipping you with the tools and techniques to make more informed and robust financial forecasts. By incorporating probability analysis into your financial projections, you can better understand and manage risk to make more informed decisions.


In most forecasts and budgets, great effort is spent on determining the "right input number" or a few "right numbers" for the projection model. The assumption is that if we get the right inputs, we'll get the right output.


In stochastic analysis, the model inputs are a range of numbers with assumptions about how those numbers are distributed throughout that range. Projections that provide ranges of outcomes and probabilities of those outcomes give us a much more complete picture of an uncertain and risky future. This is a very high-level overview of probabilistic analysis. I'll focus more on concepts than calculations.

What You'll Learn ...

You'll learn:

  • The benefits of probabilistic analysis
  • How S-curves and flying bars can quickly show the range of outcomes and the risk of the decision
  • Ways to add Monte Carlo analysis to your company's decision analysis (it's not as hard as you think)
  • Steps to implementing probabilistic modeling

Course Outline

Lessons

  • Thinking Probabilistically
  • Statistics Basics
  • S-Curves and Flying Bars
  • Monte Carlo Simulation
  • Implementing Simulation Analysis
  • Key Takeaways

Are you a CPA? Get CPE Credit for this course.

Learn How to Get CPE Credit

Let me be your guide

I’m Rob Stephens, founder of CFO Perspective. CFO Perspective provides continuing education courses for CPAs as well as financial management courses for business advisors and staff. During my career, I’ve been the CFO, SVP of Finance, or Director of Operations of companies from just a few employees to $3 billion in assets and hundreds of employees. 

Join with NO RISK!

There is no risk to you. I think you'll be impressed with what you receive, but if you're not, you can quit within the first month. Get a full refund in your first 30 days if it's not everything you wanted.

Are You Ready to Discover the Full Range of a Decision's Potential Outcomes and Their Probabilities?

Learn how probability analysis can you better understand and manage risk to make more informed decisions.

Join Now for $47

- OR -

MOST POPULAR

Get this course and all other CFO Perspective courses along with downloadable tools and access to Rob for only $290/year as part of a FAST membership.

The probabilistic modeling course is one of the courses you get with a FAST membership.

FAST (Finance and Strategy Toolkit) is a membership program that gives you resources for better strategic financial management. You get all the CFO Perspective courses. Get direct access to me as well as tools for improved decisions that can lead to superior business performance. 

The right tools can save you time, reduce your stress, and improve your effectiveness.

Learn More About FAST

FAST Member? Click here for instant access.

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