Wish you a happy new year and Welcome back to Chandoo.org.
So how did you celebrate the new year’s eve? We put the kids to sleep early and partied till 1. Next day, we took them to a park. The kids loved grass, trees and ran like wind.
What about you?
As for the new year plans, I think it is fair to review how the plans I made last year worked out. Last year, my goals were,
- run 20k
- start excel school
- travel less
- do what I enjoy, more.
Except the running goal, I achieved everything else. It feels good to have not traveled at all and run 3 batches of Excel School in last year. Since I love writing and learning new things, I quit my job in April last year to work on this blog full-time. It seems like the best decision in my life so far.
This year too I have simple goals.
- Run & workout often: After I quit my job, I started my business from home. This meant work intertwined with parenting. Since we have twins, taking time out for simple tasks like jogging seemed impossible on some days. I did workout on a lot of days, but my fitness has gone-down in last one year. This year I plan to dedicate more time to working out and running.
- Spread Excel School to More People: Excel School has been a grand success since its launch. I want to make even more people awesome in Excel in this year.
- Start PowerPoint School: You heard me right. I have been preparing material & gathering ideas on running a PowerPoint training program. Very soon, you will hear about it.
- Conduct 2 Live Excel Workshops: I have been itching to conduct live workshops on MS Excel & related topics. But due to job and parenting, I could not say yes to any opportunities that came along. This year, the scene is different. So I plan to conduct at least 2 live Excel Workshops and meet some of you face to face this year.
- Learn more: Even though I did not aim for it, last year I ended up reading a lot of books and blogs. This year, I plan to continue the trend. I want to become good in Pivot Tables, Data Analysis, Learn tools like Tableau, Access, Become a better businessman.
What awesome things you are planning to accomplish this year? And how do you think Chandoo.org can help you in achieving them? Please share using comments.
Excel Links:
Here are some Excel & Visualization related links that I recommend. Go thru them to learn something awesome.
The joy of stats – Recommended Video Talk
Prof. Hans Rosling is one my Data Visualization Gurus. He is passionate about statistics and how it can help us understand data better. In this very entertaining talk, he tells us how statistics is joy. Please set aside an hour and watch this. It is totally beautiful.
A very good article from UXMatters website on Dashboard Design Principles. I particularly liked the portion on “What data should we display?”.
Importing Excel Data in to Access
Danny explains the process behind importing Excel data in to Access. You can watch the whole thing in a short Youtube video. The explanation is very clear and easy to follow.
Learn 30 Excel Formulas in 30 Days
Debra at Contextures blog has started a new series on 30 formulas in 30 days. She opens the series with a bang by explaining the EXACT formula. I am going to follow this series and contribute to the discussion by writing 1-2 followup posts on chandoo.org. I suggest you follow it too. This is the easiest way to learn 30 different formulas in 30 days. PS: You can also learn 51 Excel formulas.
Using Excel to Build Crossword Puzzles
Have ever used Excel to build crossword puzzles? Dick Kusleika did. He shares with us a template & macro code to create crossword puzzles using Excel. Pretty interesting and cool stuff.
Browse more Excel Links or Share a link with me (email me at chandoo.d @ gmail.com)
24 Responses to “Free Excel Risk Map Template”
Why didn't you include the mitigation or risk IDs in the chart?
You can easily add such detail by modifying the TEXTJOIN function. Another way to use them is to add a slicer to highlight all risks that have a specific mitigation strategy or team member assigned to them. I left out those bits fto keep the article short.
I tried adding a slicer filter for the mitigation step but the TEXTJOIN is not affected by it. I added a helper column called "Visible" using the AGGREGATE function but I am unable to think of a method to pass that on to the map.
Could you please help, Chandoo?
Thanks
Never mind. I got it working. 🙂
Apologies, I didn't thank you for the file to begin with.
Great concept. thanks!
Awesome.. good to hear that Rajesh and of course you are welcome 🙂
Hello everyone,
Another amazing tutorial, great content and tips! My question is about slicers. How do you add slicers to this matrix? I've added 2 columns in my workbook table (Work Stream and Project Name) and I want to be able to filter (slice) the matrix on Project Name, but having some trouble with this. The slicer works fine in the data table, but how do I connect it to the risk matrix, so that only risk titles show up for the selected project?
Many thanks in advance for your guidance,
MyvJ
Can you create a sheet in live stock market data price change with profit and loss graph with time. which could indicate live profit and loss in each time frame 5minute, 10 minute, 15 minute, 30minute, hourly with some modifications
Hi
I've tried to get your formula to work, but likelihood / impact 1/1 does not seem to work.
Hi Chandoo
Awesome instructions! Thank you so much, this really helped me.
I was wondering if it would be possible to list the Risk ID number along with the Risk Title with a dash in between, rather than a bullet point? I have had a try at this but I keep getting a #VALUE error. I can see it's wrong but can't figure out what it should be instead. If you have time do you mind letting me know what I'm doing wrong?
{=" - " & TEXTJOIN(CHAR(10)&" - ",TRUE,
IF(RiskRegister[Likelihood]=$A17,IF(RiskRegister[Consequence]=F$3,CONCAT(RiskRegister[ID],RiskRegister[Risk Title]),""),""))}
Thank you!
Sally
Hey Sally, You are welcome.
I think the CONCAT inside TEXTJOIN is the culprit. Try this and hopefully you should see the ID too.
{=" - " & TEXTJOIN(CHAR(10)&" - ",TRUE,
IF(RiskRegister[Likelihood]=$A17,IF(RiskRegister[Consequence]=F$3,RiskRegister[ID]&RiskRegister[Risk Title],""),""))}
Hi Chandoo
You're a legend! Thank you so much! I had to make a minor tweak but otherwise it worked perfectly. Here is the tweaked version in case it helps anyone else:
=TEXTJOIN(CHAR(10),TRUE,
IF(RiskRegister[Likelihood]=$A8,IF(RiskRegister[Consequence]=C$3,RiskRegister[ID]&" - "&RiskRegister[Risk Title],""),""))
Thank you again!
Hi, Im not able to change the formula when trying to add risk Id instead of bullet point.
trying this: ="• "&TEXTJOIN(CHAR(10)&"• ";TRUE;IF(risks[Probability of Occurance *]=$C5;IF(risks[Severity of potential Impact *]=H$8;risks[Risk ID]&". "[Title *];"");""))
Cant see any solution on this.
thankful for help
Hi Chandoo,
This is perfect - One quick question, How can I add a hyperlink to the risks - So that I can click on the particular risk and it takes me to the actual row of that item.
Many thanks in advance.
HI Chandoo,
Is there a way to only display filtered item. Once the list gets big, it's hard to see all risk.
Kind regards,
SinYen
Hi Chandoo,
Quick question
1) Is there a way to remove duplicates within each risk block?
2) Is there a way to have the results in the chart update based on a filter or slicer?
Thanks a lot
Hi Chandoo,
The risk map is a brilliant tool, and I wanted to the risk map to only show Open risks. How can I do that?
Just found this today as I am making a risk matrix as well. I got the formula to work with this, where a risk score is above 30. Risk score = probability*impact*modifier.
So this works flawlessly, ="- "&TEXTJOIN(CHAR(10)&"- ",TRUE,IF('Risk tracker'!G4:G27>=30,IF(Table1[Urgency]="Now",'Risk tracker'!A4:A27,""),""))
I am trying to find a range now. Risk score in between 21-29. I tried using the AND function, but I couldnt get it to work. Is there anyway to get this formula to work with a range as mentioned above?
Thanks Eric.
You can't use AND() as it is not able to return arrays. You can try below formula.
="- "&TEXTJOIN(CHAR(10)&"- ",TRUE,IF(('Risk tracker'!G4:G27>=21)*('Risk tracker'!G4:G27<=29),IF(Table1[Urgency]="Now",'Risk tracker'!A4:A27,""),""))
Hello, this template is nice, thank you but im facing a problem when I need to find a range of impact. I cant figure out how..
My actual form is "="• "&TEXTJOIN(CHAR(10)&"• ";TRUE;IF(Table1[Impact]=A8;Table1[Title];"");"")"
Where A8 is number "1" so this formula finds everything with impact 1 and shows the titles.
What I need to get is a range so,
A8 is "1" and A9 is "2" and I need the formula to find all titles which impact is between 1 and 2.
I tried the AND function and so on, nothing worked..
Can you help me please?
i tried everything in your video in the end i only get the bullet... please guide me through
Sorted it... i was flash filling the other cells and it took other columns...
i do have another question though... how can i use slicers to filter the content of the matrix, so that it'll show only the departments i select?
slicer is working fine with the table, but the matrix still shows all the results
Just want to thank you for this.
It is awesome.
Hello everyone,
I think I accidentally nested my question in another thread. Apologies!
This is another amazing Excel tutorial, with great content and tips! My question is about slicers. How do you add slicers to this matrix? I've added 2 columns in my workbook table (Work Stream and Project Name) and I want to be able to filter (slice) the matrix on Project Name, but having some trouble with this. The slicer works fine for the data table, but how do I connect it to the risk matrix, so that only risk titles show up for the selected project?
Many thanks in advance for your guidance,
MyvJ
This is another amazing Excel tutorial! My question is about slicers. How do you add slicers to this matrix? Please advise