BigPicture Example Series: Investment Decisions

In the BigPicture Example Series, we’ll show you different ways you can make BigPicture work for you.  You can check out all these example files with your copy of the BigPicture software, which you can download here. Get BigPicture today and start playing with these fun and informative example models. The possibilities are limitless.

The BigPicture map below illustrates the investment decisions a company must make over multiple time periods. The purpose of such a map is to help the decision maker understand the various aspects of the problem. These include the inputs to the problem (monetary values and other inputs), the decisions involved, any uncertainties, and important outputs. Each of these is represented by a topic (an object of some color and shape), and the topics are connected logically by arrows to show what affects what.

Screenshot 2015-09-15 15.55.58

 

Normally, problems like this one are represented, and solved numerically, by Excel tools and possibly add-ins such as Palisade’s Evolver optimization add-in. However, a map like the one shown here is useful as a preliminary step to a formal analysis. It lets decision makers see the important issues in the decision problem and how they are related.

By studying the map (and using the Topic Key at the top left), the elements of the problem should be fairly clear. However, if this isn’t enough, you can Play the slide show that accompanies the map. This shows how the analysis unfolds in steps, and text boxes explain each step in some detail.

Once you create the basic map with BigPicture’s tools, you can then use Excel’s Shape tools to reshape or recolor topics or connectors.

 

 

Introduction to BigPicture FREE Webinar on 2nd September 2015

BigPicture is Palisade’s new mind mapping, diagramming, and data visualization add-in for Microsoft Excel. In this webcast, we will show you how BigPicture works, and how it can aid in strategic planning, human resource analysis, data exploration, and more. We will walk through the basics of setting up a BigPicture diagram (or “map”), and illustrate several real-world examples of different applications. After seeing how simple and flexible BigPicture is, you should be able to start trying it out on your own problems.

To register, click here.