Spreadsheet shortcomings can significantly hamper an organization's business operation.
Reschenhofer & Matthes (2015)
The results given by spreadsheets are often just wrong.
Sajaniemi (1998)
A lot of decisions are being made on the basis of some bad numbers.
Ross (1996)
Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Howard (2005)
...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Kruck & Sheetz (2001)
Overconfidence is one of the most substantial causes of spreadsheet errors.
Sakal, et al (2015)
Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Beaman, et al (2005)
Despite being staggeringly error prone, spreadsheets are a highly flexible programming environment.
Abreu, et al (2015)
It is irrational to expect large error-free spreadsheets.
Panko (2013)
The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Price (2006)
Developing an error-free spreadsheet has been a problem since the beginning of end-user computing.
Mireault (2015)
Spreadsheets are notoriously error-prone.
Cunha, et al (2011)
Your spreadsheets may be disasters in the making.
Caulkins, Morrison, & Weidemann (2006)
Spreadsheets can be viewed as a highly flexible programming environment for end users.
Abreu, et al (2015)
60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
Murphy (2007)
Spreadsheets are more fault-prone than other software.
Kulesz & Ostberg (2013)
Spreadsheets are the most popular live programming environments, but they are also notoriously fault-prone.
Hermans & van der Storm (2015)
Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Krishna, et al (2001)
1% of all formulas in operational spreadsheets are in error.
Powell, Baker, & Lawson (2009)
Despite overwhelming and unanimous evidence... companies have continued to ignore spreadsheet error risks.
Panko (2014)
Spreadsheet development must embrace extensive testing in order to be taken seriously as a profession.
Bock (2016)
The issue is not whether there is an error but how many errors there are and how serious they are.
Panko (2007)
People tend to believe their spreadsheets are more accurate than they really are.
Caulkins, Morrison, & Weidemann (2006)
Spreadsheets contain errors at an alarmingly high rate.
Abraham, et al (2005)
It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Nixon & O'Hara (2010)
Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Colbenz (2005)
Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Galletta, et al (1993)
Spreadsheet errors are still the rule rather than the exception.
Nixon & O'Hara (2010)
94% of the 88 spreadsheets audited in 7 studies have contained errors.
Panko (2008)
Spreadsheet errors have resulted in huge financial losses.
Abraham & Erwig (2007)
Research on spreadsheet errors is substantial, compelling, and unanimous.
Panko (2015)
Every study, without exception, has found error rates much higher than organizations would wish to tolerate.
Panko (1999)
The quality and reliability of spreadsheets is known to be poor.
Bishop & McDaid (2007)
Spreadsheets are easy to use and very hard to check.
Chen & Chan (2000)
Studies have shown that there is a high incidence of errors in spreadsheets.
Csernoch & Biro (2013)
Most large spreadsheets have dozens or even hundreds of errors.
Panko & Ordway (2005)
Every study that has looked for errors has found them... in considerable abundance.
Panko & Halverson (1996)
A significant proportion of spreadsheets have severe quality problems.
Ayalew (2007)
Spreadsheets have a notoriously high number of faults.
Rust, et al (2006)
Untested spreadsheets are riddled with errors.
Miller (2005)
Spreadsheets are dangerous to their authors and others.
Durusau & Hunting (2015)
Never assume a spreadsheet is right, even your own.
Raffensperger (2001)
Spreadsheets are alarmingly error-prone to write.
Paine (2001)
Spreadsheets are commonly used and commonly flawed.
Caulkins, Morrison, & Weidemann (2008)
Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Irons (2003)
The software that end users are creating... is riddled with errors.
Burnett & Myers (2014)
Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Chadwick (2002)
Spreadsheets are often hard, if not impossible, to understand.
Mireault & Gresham (2015)
Spreadsheets are extraordinarily and unacceptably prone to error.
Dunn (2010)
Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Teo & Tan (1999)

Spreadsheet bibliography

Title Managing spreadsheets
Authors Philip Howard
Year 2005
Type White paper
Publication Bloor Research
Series April, pages 1-18
Abstract

There are five major problems with spreadsheets:

  • The potential for errors.
  • Lack of security.
  • The absence of an audit trail.
  • The misperception that spreadsheets are not an enterprise resource.
  • Productivity issues.

We will consider each of these in turn, before considering some other management issues related to spreadsheets.

Full version Available
Sample
Spreadsheet management solutions
Spreadsheet management solutions

This table lists the major features that we would like to see vendors provide in spreadsheet management solutions.

We have divided these into 'must have' and 'advanced' facilities, where the former are essential and the latter would be nice to have.

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