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Excel: Hazardous to your health?

Check out this article over at ZDNet on the topic of "spreadsheet risks": Excel errors: How Microsoft's spreadsheet may be hazardous to your health

The author offers some interesting solutions for how Microsoft could improve Excel to reduce the risks of bad decision-making.  I doubt many of these solutions would really be terribly effective though.  I think the bigger issue is that lack of education around mitigating spreadsheet risks.

The European Spreadsheet Risks Interest Group has done some interesting work around these issues, check out some of the best practices on their site.

I'll be addressing one way to mitigate spreadsheet risk later this week in our Excel in Accounting class on Tools, Tips, Tricks and Traps

 

 

SFIMA