Assingmnet 2 Unit 5
Assingmnet 2 Unit 5
Christine Akede
Group: Golf
Name: Christine Akede (259495)
Group: Golf
Unit 5 Assignment 2
Table of Contents
TASK 1: DECISION MASKING PROCESS...................................................................................................2
How and why spreadsheet has become an important business........................................................2
Explanation and evidence of characteristics of good decision making..............................................2
Example using my spreadsheet.........................................................................................................3
Stages in decision making explained.................................................................................................3
Factors that affect the quality of information...................................................................................4
Tools of analysis used in excel...........................................................................................................5
Communicating with others through spreadsheets..........................................................................5
TASK 2: SPREADSHEET FEATURES..........................................................................................................6
Purpose of spreadsheet features.......................................................................................................6
Features used in my spreadsheet......................................................................................................8
Advantages and disadvantages:......................................................................................................11
Task 3: EVALUATING CONTENT...........................................................................................................13
How spreadsheet meet requirement..............................................................................................13
Recommendations for improvement...............................................................................................15
Features that can be used to extend functionality..........................................................................16
Unit 5 Assignment 2
In Task 1, I will describe the essential factors that contribute to a successful business's decision-
making process. I'll go through the tools and features that Microsoft Excel provides and how a
business may benefit from them.
Excel is a potent tool that has established itself in marketable operations throughout the world,
whether for budgeting, organising client deals lists, or assessing stocks or issuers. Excel can be used
to perform further than just add, abate, multiply, and divide thanks to the advanced IF functions
when used in confluence with pivot tables, VLOOKUP, and indicator- MATCH- MATCH.
Excel's expansive logical and computational tools make it a popular choice among finance and
account professionals. druggies of Microsoft Excel can find patterns in data and classify them into
useful groups. also, Excel handles mortal coffers tasks that help enterprises in understanding the
composition and conditioning of their staff, similar to categorising hours worked and arranging hand
biographies and costs.
According to an article on (Mooc.org), they believe that spreadsheet is considered the most
accessible tool for business analytics say; “Of all the existing data analytics tools, spreadsheets
remain the most accessible and traditional tool for business analytics; many businesses have used
spreadsheets since the start to store and analyze data, and Excel is the easiest to pick up and use
for most users.” This goes along with my earlier point about all the functions that are offered in a
spreadsheet.
Making a good decision requires careful consideration of a variety of aspects, including the potential
influence on the choice, the maker's both positive and negative, as well as any doubt that may exist.
Additionally, to guarantee that the concept or decision had the least amount of risk possible, the
decision-maker would need to conduct as much study as they could before making their choice. The
next step would be to research how other businesses responded to adopting a similar choice or
concept, as well as any potential positive and negative implications.
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lastly, another case of this could be a fairly small business opening another shop in a specific
position. There would be numerous perils and doubts followed by this decision similar as how
multiple guests would the shop have to see to allow the company to be financially stable.
According to Jay Parsons from the university of Nebraska-Lincoln, “People make thousands of
decisions every day. These decisions shape lives and determine futures, some of them in very
significant ways. However, some argue that the ability to make good quality decisions is contrary to
human nature (Spetzler, et al.). Stress, time constraints, and uncertainty can amplify this situation
and lead to mistakes that are difficult to overcome.” This is a valid point as to how difficult it can be
to make big decision that benefits a whole business. There a lot of factors that go into making all
these decisions as mentioned earlier, but I disagree that it’s not in human nature to make good
decision because people do it everyday and have adapted to the fact that they should be able ot
make decisions to produce the best outcome.
With the use of my spreadsheet, a supervisor could make opinions grounded on the data I've
presented such as adding the stock of a product and adding the overall profit margin to the entire
company or a specific product. Using the spreadsheet, a supervisor could know to increase the
quantity of stock of a product by looking at the table as seen below to figure out which product is
low on stock.
Again, using the same table set up in my excel spreadsheet (as seen above), an administrator could
also decide to try and increase the retail price of one of the products to increase the profit margin
thus accordingly bringing further profit to the business and further success. For instance, the
supervisor could increase the bowl reversible drainer from the retail price of£ 180 to£ 200 thus
creating the periphery chance and further profit. Another positive suggestion from this could be the
company frequently does a trade to yet again drop the price back down from£ 200 to£ 180 which
may accordingly see an increase in the number of deals and an overall increase in profit to the
business.
2 Create alternatives
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In this case, a step-by-step strategy would make the final decision much clearer to comprehend and
would result in a greater success rate. These phases also enable the decision-making manager to
uncover all logical consequences, difficulties, and potential solutions while ensuring that the decision
they have made will be successful and work in the long term.
Furthermore, if a manager doesn't follow one of the steps, there could be problems in the future,
such as the lack of a plan if the initial decision were to fail miserably and have repercussions for the
entire business that could result in the loss of a lot of profit or the business's collapse as a whole.
Starting with accuracy, the manager must ensure that the information and data are right and
flawlessly accurate from one software/piece of data to another. The manager would further need to
ensure that the information they are working with is thorough and properly completed. Additionally,
this would guarantee that all the data is fully covered, meaning that every component of the data is
documented and dated.
Another quality that the manager must consider is ensuring that the information's validity is up to
grade. This would imply that the management would have looked into additional sources that are
relevant to the material already supplied and ensured that their own information was comparable to
that of more reliable sources. The information's relevancy, or if the management genuinely needs
the data they have gathered, is another quality. This might imply, for instance, that if the business
intends to create a data analytical table, the manager will need to gather relevant data, such as the
exact stock level for the necessary product.
Unit 5 Assignment 2
Tools of analysis used in excel.
Excel offers a variety of analytical tools, including information-representing tables, pivot tables,
what-if analysis, and solver. Each tool serves a different function in the examination of information.
A pivot table is used as a starting point since it summarises data and makes it more understandable.
A pivot table, for instance, as seen on the right,
organises all the data into headers, enabling the user to
easily sift information from a big amount of data.
Additionally, the user may specify which data from the
huge table, such as that visible, for instance, on the left
of the pivot table, they want to view. This would enable
a business to determine whether product had the least
or most sales during a specific time frame.
Lastly, consider Excel's solution. Along with the what-if analyser, the solver determines a cell's
primary formula's ideal value automatically. To identify the best formula in a cell, it works with all
the neighbouring cells. A company might implement the solver to alter the budget value and observe
the effects this adjustment has on the predicted profit amount.
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The following are the major Excel charts that are used for comparisons of all the data: pie, doughnut,
area, bar, cylinder, cone, and pyramid (representing all the data as one). A line or column chart
would be used to compare time series data. The scatter graph or bubble chart would be used to
compare the correlation of the data. A surface chart would then be used to compare the geographic
data.
For instance, a pie chart and a bar graph would be useful for explaining stock levels or sales to others
since they clearly illustrate and reflect the most important category or product represented in the
chart or graph. A line graph would also be useful in clearly displaying the company's total profit in
various months or years because viewers can see the line's many increments, where it peaked, and
where it was at its lowest point (example as seen by an example below). The viewer can clearly
distinguish the greatest and lowest points of the lines from each of the different years, making this
line graph very simple to read.
(referenced below)
Additionally, in a professional context, a company would be able to see patterns over time and come
up with a remedy, such as lowering a product's price to attempt to even out the line from the
previous month or even raise it.
There are three sections to this activity. Before applying each feature to my spreadsheet model, it
first explains the function of a variety of spreadsheet features. I'll wrap up by listing the benefits and
drawbacks of each of the aspects mentioned. I will provide screenshots or screen captures to back
up my comments.
Graphs and Charts: In Excel, graphs and charts are used to present findings to users. For
instance, a Pie chart may be used to display and summarise a lot of information so that
reading it would be quicker and easier. In addition, graphs and charts may be employed in
my project to provide a comprehensive visual depiction of the company's revenues. This
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thus enables business management to understand more about how and when items are
selling, among other things. Owners may now make business decisions based on this
information, such as lowering a product if it isn't selling.
Validated Data: The implementation of validated data ensures that the information entered
by the user is always accurate and cannot ever be inaccurate. This is accomplished by
limiting the number of a variable or value such that the user only has a small number of
possibilities to choose from. For instance, I utilised verified data in my spreadsheet by adding
a drop-down list and limited the number to no more than 10. This guarantees that all of my
formulae in the spreadsheet are legitimate and accurate.
Cell Referencing: Cell referencing is used to indicate the cell you are referring to by using the
row and column names, for example, A1 or C6. Absolute and relative cell referencing are the
two methods available. When there isn't a $ symbol between the names of two cells, such as
A1 as compared to $A$A1, relative cell referencing is displayed. Basically, cell referring
guarantees that, depending on the cell reference method you choose to employ, your data
in the cell does or does not change.
Protected Cells: By protecting a cell, the user is prevented from editing or changing any value
or formula included inside. For instance, if a user attempts to update a protected cell
without first unlocking the cells, an error message stating that the cell is on a protected
sheet would appear. To further assure that no one can alter or change any of my formulae
or the value in a particular cell, I added protected cells in my spreadsheet. This further
ensures that if a user were to update a cell that includes a formula, there would be no
issues.
Lookup: Users can enter a value or word from a table or chart using the Lookup function,
and the formula will then return either an exact match or a close match that corresponds to
the value entered by the user. Additionally, it was used in my spreadsheet to acquire a
worker's name from a specific employee ID that the user must already be familiar with. After
entering the employee ID, the spreadsheet returns the employee's entire name (first and
last name).
Formatting of Cell Data: Formatting cells and data is used to highlight or display extra
information about a cell or data. You can bold or underline the text in a cell, for instance.
Additionally, you may display data as a value, such as a percentage or another value, by
formatting cells and data. This is implemented to create all the spreadsheet formulae
function as they are meant to and to indicate to the user what kind of data, such as a
percentage or a specific number, is in the column.
Conditional Formatting: Conditional formatting is used to present and demonstrate whether
pieces of data or a graph match a user-specified criterion. Depending on how much or how
little data there is, the situation that is then created will be defined or displayed using a
combination of red, amber, and green. If a company has a stock page in a spreadsheet, for
instance, the company may use conditional formatting to display which goods have low or
high stock levels, with low stock levels highlighted in red and high stock levels highlighted in
green.
Macros: A macro is used to record a series of actions/instructions and then conduct these
many actions with a single button hit. Additionally, this makes using it simpler for the user
because they only need to hit one button instead of several. Clearly, doing so would save the
company time, giving the employee more opportunity to work on other projects that could
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pay more. A macro may be used, for instance, to move between spreadsheets, such as from
the home page to the delivery note page.
Filters: In Excel, filters are used to display only the data that the user has chosen to see.
Excel does this by just hiding the irrelevant data and displaying the user-selected data. It
would be advantageous since the user may filter the information so that only essential
information is displayed to them, saving them from having to scroll through or read through
a lot of information. A number filter, one of the numerous choices Excel offers, is an example
of this.
Importing Data: Importing data into Excel allows the user to immediately upload data from
another programme or source into Excel. Moreover, there are five basic methods a user may
use to import data from other sources: from Access, from the web, from text, from other
sources, and from already established connections. Once the user has decided what action
they want Excel to do, Excel will give them with alternatives such as what data type the data
truly is and whether or not to automatically sort the data into a table, if that option is
suitable. Data import with a business could involve moving information from an outdated
programme to a more modern one.
I used each of the following factors in my spreadsheet. I'll attach a screen photo of each feature
utilised in my spreadsheet for this topic and then explain how it was applied there.
Data validation: Validated data was used on the invoice worksheet. With the help of this, I made
sure that no one could input more than 10 goods. Furthermore, I had used validating data to ensure
that all of the formulae in my spreadsheet would function together, keeping the entire spreadsheet
simple and lowering the likelihood that errors would later be discovered in the spreadsheet.
Cell refrencing: My spreadsheet included cell referencing. They were used in calculations when I
wanted to make a particular cell reference, like the one seen above. Just by glancing at this example,
you can see that the subtotal added up all the values from the cells located in the totals section
Unit 5 Assignment 2
using cell referencing. Also, the tax due cell used the subtotal cell as a reference and used that cell's
calculation (=I21*0.225) to determine 20% of that value. Finally, the tax due cell and the subtotal
cell's cell references were combined in the total due cell by adding them together.
Formatting of cell data: My spreadsheet employed cell and data formatting to underline key points,
highlight important details, and provide a polished appearance for the data. To make it seem more
professional, as seen in the screenshot above, I erased the gridlines and kept the text and
backgrounds in their original colours of black and white. To maintain consistency with the company's
colour scheme, I have also styled some cells to resemble tables as seen in previous screenshots
using, once again, a blue line fill. Additionally, I modified some of the header language to bold to
make it stand out more and emphasise the overall feel of the table to the user. Lastly, I formatted a
few cells such that they had notes attached to them, like the "dates" cell as seen, to offer the user
more details about the cell.
Filters: On my spreadsheet, filters have been used to simplify the information that users can view
and enhance functionality. I've enabled filters in my spreadsheet so that users can choose what data
they want to view, in this example products with a stock level below a specific limit or certain
product materials.
Unit 5 Assignment 2
Macros: My spreadsheet uses macros to make it easier for users to switch between worksheets.
With macro linked buttons on the right side of every worksheet that relate to the named macro and
the specified worksheet, I use macros to make it easier for the user to move from worksheet to
worksheet. Additionally, I added individual buttons to each page to go back to the home page and
also added a clear button to the invoice page to clear the information on the page to make it easier
to use.
VLOOKUP: In my spreadsheet, I used a lookup; in this example, it is in the delivery note area. With
the use of the lookup function, a user may enter data into a cell formation with a formula set up
such that after receiving the user's input, Excel can return one or more values that are either an
exact match or a near match to what was entered. The formula in this image, which the user entered
the user-familiar product code into, returned the product material as it appeared in my invoice
sheet.
Protected cells: I used protected cells to prevent changes to my spreadsheet's data and formulae
that would damage or ruin the entire document. The error notice seen above would occur if a user
attempted to change a cell that had been protected, as can be seen in the screenshot above. The
information in the cells can only be accessed and changed by authorised users who have the
passcode to unlock the worksheets and cells. In my spreadsheet, I protected the cells that the user
Unit 5 Assignment 2
didn't actually need to have access to, such as all the formula cells, while leaving the cells that were
required for the VLOOKUP function to locate and return a result, like the employee ID, accessible.
Graphs and charts: I used graphs and charts in my spreadsheet. These were used to show, in the
stock worksheet's table above, the amount of profit made from each product. I made sure that the
data in all my graphs and charts was important and that the colour palette was similar across the
board. In addition, I employed suitable colours that weren't part of my colour scheme, including the
above-mentioned yellow and red.
Advantages Disadvantages
Graphs and charts readily understandable and A graph or chart would not be
able to display patterns and capable of representing a lot
connections between two or of data because the lines
more collections of data. may would be too close together
also condense a lot of data and difficult to distinguish
into a graphic representation between various items.
that can be used to indicate,
for instance, how much money
was made each month.
Validated data Validated data is helpful There aren't many downsides,
because it prevents users from but a user wouldn't be able to
entering wrong numbers or input a figure that is bigger
potentially inaccurate data. than the permitted range if
Additionally, it makes sure that they tried.
no user is misled by any of the
spreadsheet's formulae and
that they all function as
intended.
Cell referencing Absolute cell reference is a When a change occurs, it may
different type of cell affect all cells if the user is
referencing that provides using absolute cell referencing.
Unit 5 Assignment 2
benefits such as ensuring that Obviously, this would be
the formula remains difficult since if a user wanted
unchanged if it is transferred to leave these cells alone, they
to another location. would have to reset each cell's
value to its original value.
Protected cells To prevent users from The protected cells' unlocking
changing the data, particular password could be forgotten
cells might be locked and by a business or user, making
hidden to provide security. For it unable to update the cells as
instance, spreadsheets might needed.
be locked at a bank so that
unauthorised people cannot
access the personal data.
lookup the lookup formula will For a new Excel user, it might
provide an appropriate exact be tough to set up and
or approximate match to the understand. might potentially
value. saves a lot of time since cause the worksheet to lag as
the user can search for the it searches through a lot of
information, they want to view data. Finally, if a new column is
rather than having to browse added or removed, a lookup
through a large amount of would return the incorrect
material. results since the names of the
columns have changed.
Formatting cells and data Enables users to examine the It can take the user a little bit
data more easily on the of time since, in most cases,
spreadsheet by grouping it all there is no automatic way to
together using colour and select any colour from the
other features like bold text to colour wheel because Excel is
indicate headings. unable to forecast this.
Conditional formatting is a wonderful technique to If applied to a huge data set,
visualise data and is easily this would actually slow down
readable. As Excel conducts the user's spreadsheet since
the work for you, it wouldn't each cell would need to be
take much time and would examined and submitted back
update rapidly and in real to Excel so that it could
time. determine the colour of the
cells.
Macros Allow the user to do many Potentially used to distribute
operations using Excel rather malware like viruses and other
than performing multiple harmful Excel applications that
actions that would have taken might damage the user's
the user additional time. machine.
Because Excel does the task,
the user may save time. might
lessen the likelihood of human
mistake.
Filters allows the user to choose the The filters could not work as
data they want to view, which intended because the filters
helps in better information could be set up wrongly or
understanding. Overall, this Excel might not recognise
Unit 5 Assignment 2
would save time because the some headers. If a problem
user wouldn't have to search does arise, a beginner may find
through the entire collection it difficult to resolve it since
of data to get the answer. there may be hundreds of data
for which a novice in Excel may
find it difficult to find a
solution.
Importing data If possible, Excel would The data might not be
identify headers and recognise automatically sorted into a
the data behind the headings table by Excel because the
to automatically arrange the programme might not
data into a data recognise the headers if they
representation feature, such are not labelled and presented
as a table. can be used to properly. Additionally, this
import data into a new would be problematic since it
software after being exported can take a user a long time to
from an old software. organise a lot of material into
headers and groupings
N
Company Logo and colour scheme: As can be seen from my spreadsheet, I have successfully
met this criterion because I employed the blue and white colour scheme and black text in
the invoice worksheet. Additionally, I made sure that the colour scheme was constant
throughout and that the colour I chose was aesthetically adequate so that most people
could see the text without difficulty while still enabling the colours to appear professional
and respectable. Additionally, I think that my company logo satisfies the assignment 1
criteria since it shows that the company displays a professional aesthetic in its kitchen and
bathroom style.
Unit 5 Assignment 2
All worksheet hidden to restrict user access to personal data and protected cells to prevent
data modification: The Invoice worksheet's screenshot shows that anytime I try to click on
one of the formulae, an error message stating that the cell I am trying to alter is on a
protected sheet occurs. This clearly demonstrates that I have met this condition, since I have
protected cells to avoid data changes. I believe I successfully met this condition because a
user cannot alter the data already in the spreadsheet and, thus, cannot alter potentially
personal information.
Formatted content to achieve visual usefulness: In the picture on the left, you can see how
I've used a border to indicate a table while also formatting it to match the company's colour
scheme of black, white, and blue. I've also filled the space around the text with blue to
prevent it from clashing with the custom border I've applied. In to differentiate the buttons
from the content and make them stand out, I have also used shapes to border the buttons
on the right-hand side of the worksheet, as seen in the screenshot. Regarding a point I made
before, I also modified the worksheet's button's colour to match the worksheet the user is
now viewing. I believe this helps in being visually beneficial since the user can tell which
worksheet they are on because it sticks out so obviously. Overall, I think I've fulfilled these
criteria to a professional level again.
Unit 5 Assignment 2
Navigation between all worksheets to improve productivity: All of my worksheet names can
be found on the right side of each worksheet, as can be seen in the screenshot above. Each
of these names has a macro that, when clicked, will transport the user directly to the
associated worksheet for each name. Overall, I think I've met these criteria effectively.
Again, as can be seen in the picture above, I formatted the cells to display the data at the
proper level in line with the requirements for assignment 1. I've included a combo box to the
quantity column so that users may choose from 0 to 10 how many units of a product they
desire. Although I have used this in many other places, here is a clear example of prepared
cells to present data to the proper level. Looking at the snapshot again, you can see that I
formatted the cells in the total column to display the value to two decimal places. Because of
the fact that money often only uses two decimal places, this ensures that the spreadsheet is
still clearly readable and prepared to display data at the proper level. Overall, I feel that I
have followed the guideline effectively and succeeded in doing so.
One suggestion for improving my spreadsheet model is to switch to a pie chart on the stock
worksheet instead of a bar chart. I think making this adjustment would make my spreadsheet better
since it uses a different graph or chart to show the stock levels. Some users might find it simpler to
view a pie chart than a bar chart. For people who prefer to read a bar chart rather a pie chart, I could
still leave the bar chart on my spreadsheet.
Using conditional formatting on the stock worksheet would allow the spreadsheet to automatically
alter the colour of some information to assist the user understand their situation, which is another
improvement I could make. I could, for instance, use a filter to modify the boxes in the spreadsheet
when, say, the Stock QTY falls below 30. Additionally, this would imply that the range of numbers
from 0 to 29 would be red, the range from 30 to 45 would be amber, and the range from 46 to X
would be green.
Unit 5 Assignment 2
The sales worksheet might need a macro that is shown as an up and down arrow as my final
modification. By employing the top arrow or the bottom arrow, the macro would direct the user to
the top or bottom of the page (where the data ends). This would enhance functionality by reducing
the need for users to scroll to the top and bottom; instead, they could simply click on the matching
arrow to go there immediately.
A macro is one of the features that may be used to increase the functionality of the spreadsheet that
was mentioned in task 2. The black, white, and blue colours of the spreadsheet would all be changed
to the opposite colours, and the background would be removed, when this macro, which could be
found somewhere in the navigation button area, would be activated. Given that certain users may
have disabilities that make it difficult for them to see the background and coloured text, I think this
might improve some users' functioning.
Protected cells are another feature I could take advantage of. I could build a new summary
worksheet that can only be accessed by people who have the password to unlock, read, and modify
data. Additionally, this worksheet would have notes that the workers could read and keep
themselves updated on. It would be a site where people with the code could go to get a summary of
items in the spreadsheet, such as notes or changes or when products are due to be restocked. This
would increase the usefulness of the spreadsheet.
The last thing I could use to increase functionality is conditional formatting, as mentioned previously.
According to the preceding explanation, conditional formatting would alter the colour of certain
data, such as the stock quantity, to show how high or low the stock levels are by using the universal
colours red, amber, and green. This would make the information more understandable to the user
since the colours would stand out clearly and most people would be familiar with their meanings,
such as red indicating something negative and green indicating something positive.
Unit 5 Assignment 2
Bibliography:
www.mooc.org. (n.d.). How Important Is Excel in Business? [online] Available at:
https://www.mooc.org/blog/how-important-is-excel-in-business#:~:text=Of
%20all%20the%20existing%20data [Accessed 30 Jan. 2023].
agecon.unl.edu. (n.d.). Seven Characteristics of a Good Decision | Agricultural
Economics. [online] Available at:
https://agecon.unl.edu/cornhusker-economics/2016/seven-characteristics-good-
decision.