Project management is a critical component for any successful business and Microsoft Excel can be a powerful tool to be leveraged. Whether your business employs specialists or you handle project management yourself, it is easily agreeable that software is needed to organize and keep track of activities within the business.
Have you shopped for project management software before? You probably discovered over 50 different solutions to choose from that all cost your business some form of licensing fee or monthly subscription.
However, did you know Microsoft Excel is an existing solution you can use today and be put to work immediately. In most cases, Excel is one of the best tools you can use for project management.
Here are the top 5 ways you can use Microsoft Excel as your overarching project management solution.
Work Timeline
Project managers know that the goal of any assignment is to keep the work moving forward. However, with the complexities of different data points and information, a work timeline can be used that visually communicates information in an easier way for readers to see. Microsoft Excel can be a powerful tool to help with offering an easy to use solution.
Excel can be used to create different charts to keep track of different project phases. For example, a Gantt chart is an excellent tool that assists with mapping out activities based on the anticipated timeline of how long they will take to complete from beginning to end.
Additionally, Microsoft Excel offers a variety of different templates including a schedule template along with other planning tools that empower you to create detailed tracking mechanisms for your projects.
Budget Tracker
Managing finances for different projects can get messy without the proper systems and tools to keep track. Microsoft Excel is an accountant’s best friend and can be yours too. Excel provides all the tools needed to crunch numbers, track finances, and complete easy to read reporting for your team.
Whether you are tracking expenses and income, excel makes it very easy to put all the information together. If you require advanced detail budgeting, Microsoft Excel can help with this task too.
Task List
Day-to-day activities must be tracked to measure progress and efficiency for work that is being done. With Excel, you can create a task list that will better manage the different activities. Better yet, you can make it automated as well! Excel is a great tool to help ensure your projects remain on course.
Project Tracking
Project management issues can occur anytime. With the ability to create a project tracker within Microsoft Excel, you will be better setup to handle whatever is thrown your way. With Excel, creating a project tracker will enable you to see and monitor the status or progress in a visualized chart that is easy to read.
Project Review
Microsoft Excel is a powerful substitution for project management software. In fact, with Excel, you can leverage all the data collected in your spreadsheet to generate customized reporting that will enable you to analyze the information and create impactful decisions to drive your organization in the right direction.
Unlike paid software, Microsoft Excel provides everything you need to create a variety of reports that will certainly convey the information you may need to get an important point across. Thanks to the power of cloud, you can even share through Microsoft Teams to have a fellow co-worker review the reporting instantly.
In Summary
Microsoft Excel is a powerful tool and a strong replacement for paid project management software. The flexibility of excel makes it so versatile for many different needs. Although Microsoft Excel can be learnt with a matter of time, AM 18 Consultancy specializes in delivering tailored Microsoft Excel solutions for your organization’s needs.
Your time is valuable and we understand your time needs to be prioritized on accomplishing your goals and tasks. AM 18 Consultancy will handle all your Microsoft Excel needs from A-Z. Free up your time by leveraging our highly experienced consulting firm and allow us to handle developing powerful reports, creating functional tools, and making your data work for you.
What are you waiting for? Find out more on how Microsoft Excel can be tailored for your project management needs.
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