By . Inventory Spreadsheet. At Tuesday, May 11th 2021, 13:59:12 PM.
A spreadsheet on paper is a table of rows and columns generally used in accounting. An electronic spreadsheet, like Microsoft Excel, is a table of rows and columns that can contain data items or formulas, and is stored as a computer document. The data items can be numbers, words, paragraphs, dates, money values and number formulas among other things. The power of an electronic spreadsheet is its ability to calculate, manipulate and display data based on entries in the table. Without having a specialized computer accounting package, knowing how to use a spreadsheet is very important for managing your business. Being able to set up and understand a spreadsheet will help in predicting likely financial outcomes. You may be able to better forecast possible increases or decreases in your expenses or income, based on what you know now. But a spreadsheet is also used for the general analysis of data, including scientific results from experiments, statistical analysis, and of course, analyzing various financial models.
With that in mind, lets look at some of the differences between these two different types of tools. For the purposes of this article, I selected six criteria by which to make the comparison. These were selected from the feedback of customers and prospects as well as learning what is important for the successful adoption and implementation of project tools within an organization. Data Mining Data mining is a huge part of project management tools. The whole reason for having a tool is to collect data, so that you can look intelligently at that data, make sure your processes are performing as advertised, and make good decisions. You need to know which projects and tasks are slipping through the cracks so that you again react. You need to know when you will not have enough resources to meet demand so that you can allocate them properly or manage the demand. You need to know which issues are lurking so that you can address them now before you lose the favor of a critical customer. And you need to see how your processes are working so that you can continuously improve your processes.
Community The concept of "community" is not new. The idea of two or more people bound by a common interest can be traced to mans earliest endeavors. More recently, and thanks to the growth of the Web, thousands of "communities" have sprung up to serve people with specific hobbies, interests, or political leanings. The advent of Web 2.0 technology has led to hosted communities where members can interact with people of mutual interests. Sites like My Space and Facebook were among the first to exploit the Internet community concept. For the most part, these sites are geared toward consumers and individuals who interact in their personal time. But what about business? Is the concept of community relevant to them? Absolutely - in spades!