Accessible risk management using workflow simulation into Microsoft Excel

We live in a digital era. Nowadays almost all accounting and production project information are collected into long electronic spreadsheets that easily accessible for the managers so they can extract data analyze it according to their needs. In every work project, especially production, IT or manufacturing, there is need perform an elaborated risk management, just because gap of uncertainty from process planning final workflow cost. One main task often causes problems quantitative analysis. this article we will show how use well-known standard product, even micro entrepreneur – Microsoft Office/Excel. With help MS-Excel be cost effective easy create simulations, which take decisions reduce exposition.