Practical sheet | REF: FIC1156 V1

Keeping track of costs in Excel: feedback

Author: Lionel PUNTOS

Publication date: May 10, 2014 | Lire en français

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7. Mistakes to avoid

7.1 Excel tools are not enough

Today, the CSR supports cost management. Other applications exist for monitoring other areas of the project (deadlines, quality, etc.). We can assume that other programs are developing similar tools.

For large projects of significant size and complexity, this type of tool should not be used, but rather project management software packages that integrate schedules, costs and resources.

Although Excel tools are very powerful, they require a great deal of maintenance and do not cover the whole range of project management issues. What's more, they are generally used in one organization or one project, but are rarely common tools across an organization, leading to the development of CSR equivalents across all...

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