Spreadsheets: Best Practices (Part 3)

Spreadsheets are known to be error prone. As per one study by Raymond Panko, 86% of spreadsheets contains errors. Errors in spreadsheets can’t be eliminated completely, but steps can be taken to reduce them.

In 2003, “a cut-and-paste error in a spreadsheet cost TransAlta, a Canadian power generation company, $24 million in overpayments for hedging contracts.”

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