Spreadsheets use is widespread in many organisations and often in high profile and mission critical applications. Even where Organisations have made extensive use or proprietary databases there is often a need to supplement these with Excel spreadsheets, for instance one off calculations and to gather data from external parties not on Corporate networks. There have been a number of high profile spreadsheets in recent years:
- An £8.6m reduction in profits for support services firm Mouchels was attributed to a spread sheet error
- A US think tank under reports academic status of Virginians due to a cut and paste error
- A key academic paper making the case for Austerity policies was undermined when is was discovered two Harvard Economists had made basic spreadsheet mistakes
Creating a spreadsheet solution is akin to software development – particularly when complex. We believe a development of a complex spreadsheet should therefore be managed like a mini software project with requiements definition, design, testing and documentation.
We can help you reduce spread sheet risk with our Excel modelling, VBA/Macro development and skills.
To find out more about spread sheet with visit the EUropeanSPreadsheetsRisksIntetestGroup www.eusprig.org.