Spreadsheet risks & mitigation

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

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Spreadsheet risks & mitigation

  1. 1. Mitigation Spreadsheet rISKs &
  2. 2. Low-skilledKnowledgeWorkers people with low knowledge spreadsheets with errors & omissions error toll results in which cause
  3. 3. PROPER & FORMAL TRAINING Proper Formal Trainings in regular intervals helps to avoid mistakes spreadsheet trainings normally offers high returns on training investment
  4. 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. 5. Data Entry & Reuse
  6. 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. 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. 8. Spreadsheet Errors
  9. 9. Spreadsheet Audits Follow “System Development Life Cycle” Follow spreadsheet testing standards Password protect sheets to prevent un-intentional changes
  10. 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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