Modelling errors and an organisation that is trying to stamp them out

EuSpRIG is the world’s only independent web based source of information describing the current state of the art in Spreadsheet Risk Management.  Their site makes an interesting read, but beware if you are a fainthearted FD!

As well as attempting to describe “best practice” for spreadsheet development they also list the publicly known errors caused through inaccurate spreadsheet design.

This is my personal favorite: (This link will open the Stories section in a new window)

NASA misstated by $644M: undetected spreadsheet errors in “ad hoc” process

With a current budget of $17bn , this is still a significant hole.

Being interested in statistics, this figure is more than the Annual GDP ($) of each of Zambia, Nicaragua and Mozambique. Is it worth it….thats another blog!!