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Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
Spreadsheet risks & mitigation
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Spreadsheet risks & mitigation

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This presentation is related to top 5 risks related to spreadsheets.

This presentation is related to top 5 risks related to spreadsheets.

Published in: Education, Technology, Business
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Transcript

  • 1. Mitigation Spreadsheet rISKs &
  • 2. Low-skilledKnowledgeWorkers people with low knowledge spreadsheets with errors & omissions error toll results in which cause
  • 3. PROPER & FORMAL TRAINING Proper Formal Trainings in regular intervals helps to avoid mistakes spreadsheet trainings normally offers high returns on training investment
  • 4. POLICIES & PROCEDURES Spreadsheets contains both data & logic A proper caution to be taken while creating them Policies & procedures should be in place To mitigate the spreadsheet risks
  • 5. Data Entry & Reuse
  • 6. Reuse data which is already available with your ERP or CRM using queries Make data entry separate from logic so it can be re-used
  • 7. Back-up on a regular interval Save data to network drives instead of local drives Now a days you can save data to Web Drives too
  • 8. Spreadsheet Errors
  • 9. Spreadsheet Audits Follow “System Development Life Cycle” Follow spreadsheet testing standards Password protect sheets to prevent un-intentional changes
  • 10. Further Readings: http://www.expertbase.org/769-5 Citations: http://www.flickr.com/photos/theplanetdotcom/4878805271/sizes/l/ 10 Hidden Costs of Manual Reporting in Excel & What you can do about them, Apesoft http://inventors.about.com/library/weekly/aa010199.htm http://en.wikipedia.org/wiki/Visicalc http://office.microsoft.com/en-us/excel/microsoft-office-excel-2007-top-10-benefits- HA010164179.aspx http://panko.shidler.hawaii.edu/ssr/Mypapers/whatknow.htm http://arxiv.org/ftp/arxiv/papers/0805/0805.4224.pdf http://aisel.aisnet.org/cgi/viewcontent.cgi?article=3485&context=cais For more functions, please visit: www.exceladvise.com

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