Ok, you have learned how to write vlookup formulas. You have also seen some pretty interesting examples of it (1, 2).
But how do you write better VLOOKUP formulas?
Here is a list of 6 tips that work wonders with VLOOKUP writing.
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Use named ranges
No one likes a VLOOKUP with lots of dollars and cell references. They are unreadable and difficult to debug. So, a better option is to use named ranges in lookup formulas. For eg: =VLOOKUP(valSalesPerson,tblData,3,FALSE) is much more easier to read and understand than =VLOOKUP(G5,$B$5:$G$17,3,FALSE)
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Make table / list references Absolute
When you need to write lookup formulas in a range of cells, the usual practice is to write first formula and then drag-fill. If you followed above advice and used named ranges, you should be ok with this approach. But if you do use cell references, make sure the table references are absolute, like this: $B$5:$G$17 instead of B5:G17. Here is a nice tutorial explaining the concept of cell references.
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Use Tables or Lists [Excel 2003 or above only]
Using named ranges or absolute references is good technique. But they suffer from one nagging limitation. If your source data (where you are looking up) grows or shrinks, you need to adjust the references. A better option? Use tables (or lists in 2003). Learn more about Excel Tables & how to use them.
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Check for Errors
VLOOKUP is a powerful formula, alright. But ask it to look up a value that is not the data and it acts up. So you need to handle this. The easiest method is to use IFERROR() formula. Like this: =IFERROR(VLOOKUP(…),”Oops, nothing found!”).
But, IFERROR is a new formula in Excel 2007, so if you are using 2003 or before versions you need to use ISERROR (), like this: =IF(ISERROR(VLOOKUP(…)),”Oops, nothing found!”,VLOOKUP(…))
But, there is another problem. The ISERROR() is not only lengthy, it is also ugly and inefficient as it calculates VLOOKUP twice. So a better approach is to use COUNTIF(), like this: =IF(COUNTIF(column, value you want to lookup)>0,VLOOKUP(…),”Oops, nothing found!”) [more: how to handle formula errors]
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Use 1 and 0 for last argument
While I do not recommend this, I have seen many do this in practice. You can use 1 and 0 for last argument in VLOOKUP to make the formula shorter. The formula =VLOOKUP(value, range, column #, FALSE) is same as =VLOOKUP(value, range, column #, 0). Similarly you can use 1 for TRUE.
What more, you can even omit the last argument if it is 0, like this: =VLOOKUP(value, range, column #, ) Remember, you must place a comma (,) after the column number if you are planning to use this.
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Use VLOOKUP only when you need it
Do you know that formulas like SUMIF() or SUMPRODUCT() can effectively replace VLOOKUP() formulas? For eg. the formula =SUMIF(lookup-range, lookup value, return column range) gives same value as =VLOOKUP(lookup value, total range, 2, false) ? [assuming there is only one match, return column range has numbers]
Similarly, if you just want to find whether a value is in a list or not, use COUNTIF() formula.
That is right. Not only formulas like SUMIF are better, they require no separate error handling. If the value cannot be found, they just return 0.
[Learn more about SUMIF & COUNTIF formulas]
Your suggestions for writing better VLOOKUP
What tips / ideas you follow for writing better lookup formulas? Please share using comment.s
Special Thanks to,
Vipul, Ayush Jain, Spotpuff, Glen Feechan, Dominik Petri, Lukas for their valuable tips & ideas. Click on their names to learn more on using VLOOKUP.
7 Responses to “Project Dashboard + Tweetboard = pure awesomeness!!!”
I would like to see actual hash-tagged DM tweets go out to the specific information consumers. That would be an interesting way to communicate the key daily data to interested parties.
A Twitter-like secure application like Yammer might be a good fit with this.
For example, how about daily tweets to selected user groups (secure) that would display sales, bookings, cash receipts, cash disbursed and a second version that would show the same info for MTD, QTD or YTD figures.
@Dan, it would be great. I did not taught about implementing it on this dashboard because twitter is blocked to the whole intranet here. However, there's a discussion here about how can we send these tweets to blackberries (probably through e-mail) automatically. (I'd like to see this implemented on a jabber restricted network as well, but here it'll probably not happen)
The wrap-up versions you mentioned doesn't apply to my particular scenario, but on a sales tweetboard it would be a great tool indeed - choosing who will receive which message according to hashtags. I'll think on something, thanks for the advice. 🙂
(Ah, btw, I'm Fernando... 🙂 )
@Dan: That is a fun idea. Instead of tightly integrating twitter functionality with a dashboard, i think it would be cool if we have a "tweet this" button that users can click after selecting a range of cells. We can easily show a dialog with the concatenated output of the selected cells and ask user to edit the text and eventually "send to twitter".
For eg. you can select the annual sales figure cell and click on "tweet this" button upon which a dialog will show the value. Then you can pre-pend it something like "DM @boss look at our sales this year: "
@Aires.. thanks once again.
Wow it looks really good. Not sure though how much the tweet facility would help in real world project management, but certainly having a dashboard on a project should be a key deliverable when learning how to manage a project
The other use of this is during the software development life cycle especially when you have parallel streams of development and testing going on. Using a dashboard is a quick way for everyone on the team to see where the project is at and how it all fits together.
Regards
Susan de Sousa
Site Editor http://www.my-project-management-expert.com
Hi Chandoo,
I purchased the project management toolkit but the dashboard shown above with the imbedded scroll bars. Is it included in the project pack??
Thanks
Sue
The gantt chart section of this dashboard is similar to one I have recently created: http://xlcalibre.com/hr-dashboard-gantt-chart-traffic-light-reportIt has a similar approach with scroll bars, but has a couple of additional features. I've tried to incorporate a traffic light report element, and also allow the timescale to adjusted so that can view it by days, weeks or months.I really like the other tables that you've incorporated, I may well try to replicate them to improve my version!
I am a monitoring and evaluation consultant in international development, and one of the services I offer is to help non-profits and foundations develop performance dashboards. I often advise them to develop dashboards for ongoing programs, rather than for one-time or pilot projects, because of the time involved. I am trying to find out from a few people how long it takes you to develop a project management dashboard, and to what extent the indicators vary from one project to the next.