The most effective form of Excel spreadsheet management for BI, CPM

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The most effective form of Excel spreadsheet management for BI, CPM

The most effective form of Excel spreadsheet management for BI, CPM

Can you offer some tips for effective Excel spreadsheet management as part of business intelligence or corporate performance management projects in an organization?

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The use of personal spreadsheets for broader business needs has created significant challenges for just about every organization. No matter if that means uncaught errors, data input mistakes or just wasted time spent trying to get calculations to come out right, the reality is that it is very difficult to get spreadsheets to work the way you want them to.

To effectively manage Excel spreadsheets means they should be used solely for personal review and analysis and not for deeper business analytics – unless they are used as a front-end tool to an application or database, becoming in effect an “enterprise spreadsheet.”

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- Corporate Performance Management (CPM) or Enterprise Performance Management (EPM)

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This was first published in January 2011

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