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

1. Mitigation
Spreadsheet rISKs
&

3. Low-skilledKnowledgeWorkers
people with
low knowledge
spreadsheets with
errors & omissions
error toll
results in
which cause

4. PROPER & FORMAL TRAINING
Proper Formal Trainings
in regular intervals
helps to avoid mistakes
spreadsheet trainings normally offers high returns on
training investment

7. 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

9. Data Entry & Reuse

10. 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

13. 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

15. Spreadsheet Errors

16. Spreadsheet Audits
Follow “System Development Life Cycle”
Follow spreadsheet testing standards
Password protect sheets to prevent un-intentional changes

17. 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