By . Tracking Spreadsheet. At Tuesday, May 04th 2021, 01:38:14 AM.
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.
Budget spreadsheets are some of the most important financial planning tables that can be used to keep track of savings, earnings and expenditure in one centralized place. Items and figures of a typical ledger account can be entered consecutively throughout the year in order to display the most succinct changes that happened over the period. They are done in an excel table that is customized with personal effects that can create shortcuts for the user alone. In short, they offer a summary of tracking expenditure, which is the main informant of whether one makes a profit or a loss in their businesses. This table works in such a way that the details that have been entered for a particular living semester are confined there each day before their median is tracked monthly. The median figures can then be transferred to the main working sheet so that they can be easy to compile in terms of averages rather than in terms of daily entries that can consume much of the time. It is essential to group similar items that touch on a particular niche of earnings or expenses together for easier sampling.
The second big use of the Excel Spreadsheet is my direct mail campaign. I use the spreadsheet along with MsWord to create a mail merge, the two programs work together to print addresses directly on flyers, post cards or envelopes. I can print 10,000 names in a few hours. There is no need to print labels and then have to stick them on your mailer. Another use for the spreadsheet is to do job costing. You can keep track of your painters hours and compare those hours to the hours you used to calculate the estimate for the job. Enter the painters names in the first column, you can then enter to rooms or job names in the first row. Then in each column under the room name put the hours or you can break it down further, putting the separate items like walls and molding/trim and keep track of the hours spent doing individual items. Of course there is always the profit and loss statement or spreadsheet with all expenses, which you give to the accountant. Using the spreadsheet to keep track of company expenses is a good use, and again you can use the "AutoSum" feature to keep totals. One nice thing about Excel is that if you change a figure in the column or row that you are totaling, the "AutoSum" will automatically adjust the total to reflect the new figure. So whatever uses you find for this program, you will find that it saves time and energy to do these repetitious jobs. And it will do things like adding or multiplying correctly and with ease.