All articles with 'risk management' Tag

Excel Risk Map

Published on May 28, 2013 in Automation, Project Management, VBA Macros
Excel Risk Map

We all have some projects to manage every now and then and there are needs of various trackers that help us in gauging the progress of the same. One of the most important things are heat maps that quickly help us in visually displaying the names of the projects that need special attention and resolve issues that are impacting them.

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Macros for Automatically Implementing Modeling Best Practices

Published on Nov 29, 2012 in Financial Modeling, VBA Macros
Macros for Automatically Implementing Modeling Best Practices

In the first part on our Modeling Best Practices series, we learned 5 best practices to follow. This article shows how to automatically implement the best practices using macros.

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Best Practice Modeling – Make these 5 changes today

Published on Aug 29, 2012 in Financial Modeling
Best Practice Modeling – Make these 5 changes today

Our guest author, Myles Arnott discusses what Best Practice Modeling is and offers 5 practical, easy to implement tips to get you started.

Best Practice Tip #1: Apply a modeling life cycle
Best Practice Tip #2: Give structure to your spreadsheets
Best Practice Tip #3: Make cells consistent based on their behavior
Best Practice Tip #4: Use similar formulas
Best Practice Tip #5: Build error checks in to your models

Read on…

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Using external software packages to manage your spreadsheet risk [Part 4 of 4]

Published on Feb 8, 2012 in Financial Modeling, Learn Excel
Using external software packages to manage your spreadsheet risk [Part 4 of 4]

Background – Spreadsheet Risk Management

In the Managing Spreadsheet Risk series so far we have looked at the concept of spreadsheet risk and how to manage it both at a company level and at a spreadsheet level using Excel functionality. In this final article we are going to have a quick look at an example of spreadsheet auditing software.

What to look for in a Spreadsheet Risk Management Software

First off I should state that there is a wide range of spreadsheet auditing solutions in the marketplace of different types and styles and at a variety of costs. In this section I would like to take a little time to explain the criteria we applied when we were sourcing auditing software.

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How Companies Can Manage Spreadsheet Risk [Part 2 of 4]

Published on Jan 3, 2012 in Financial Modeling, Learn Excel
How Companies Can Manage Spreadsheet Risk [Part 2 of 4]

In the second installment on Excel Spreadsheet Risk Management, Myles takes a look at How companies can manage spreadsheet risk?.

He tells us, how we can set a formal governance framework to reduce or mitigate spreadsheet risk. Go ahead and read. And please tell us how your company manages spreadsheet risk in comments.

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Introduction to Spreadsheet Risk Management

Published on Dec 7, 2011 in Financial Modeling, Learn Excel
Introduction to Spreadsheet Risk Management

This series of articles will give you an overview of how to manage spreadsheet risk. These articles are written by Myles Arnott from Excel Audit

Part 1: An Introduction to managing spreadsheet risk
Part 2: How companies can manage their spreadsheet risk
Part 3: Excel’s auditing functions
Part 4: Using external software packages to manage your spreadsheet risk

The potential impact of spreadsheet error hit the UK business news recently after a mistake in a spreadsheet resulted in outsourcing specialist Mouchel issuing a major profits warning and sparked the resignation of its chief executive. Over the next few weeks we will look at the risk spreadsheets can introduce to an organisation and the steps that can be taken to minimise this risk.

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Issue Trackers & Risk Management using Excel [Project Management using Excel – Part 5 of 6]

Published on Sep 8, 2009 in Charts and Graphs, Featured, Learn Excel
Issue Trackers & Risk Management using Excel [Project Management using Excel – Part 5 of 6]

Tracking issues and risks is where most of the project management time goes. Once the project planning and organizing activities are in good shape, most of the project management activities are around risk management and issue tracking. In this installment of project management using excel, we will learn how to create a simple issue tracker template using excel and how to analyze issues using excel.

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