Importance of MS Excel Automation in Project Management
🟡 MS Excel Automation
Automation is a broad term that can cover many areas of technology where human input is minimized. This can include everything from business-specific types such as business process automation (BPA), IT automation, marketing automation, and industrial automation. It also covers personal applications such as home automation.
Automation increases the productivity of the construction project, reduces the duration and laborious work, and increases construction safety, increases the quality of work as compared to unskilled workers.
🟡MS Excel automation is the process of creating software and systems to replace repeatable processes and reduce manual intervention.
🔸It accelerates the delivery of infrastructure and applications by automating manual processes that previously required a human touch.
🔸MS Excel automation is a powerful tool that can scale a business, provide significant cost savings, and allow staff to focus on strategic rather than administrative work.
🔸In years past, productivity in construction increased slowly at best. So, one major benefit of automation in construction is the potential for quite a large uptick in productivity.
🔸MS Excel Automation is one wonderful software application that is helpful to analyze almost all sorts of data & information.
🔸It is one solution for the current generation to evaluate, organize and analyze any volumes of data within minutes. MS Excel Automation is one application that is a must for most real estate businesses.
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🟡What does an MS Excel Automation exactly do?
No matter how many rows and columns of content/numbers you have, it just gives the addition/subtraction/division or any other numerical value in a matter of seconds with its formulas.
This makes it easy to get the tallies in a fraction of seconds.
▶️Easy to Edit
It is very easy to quickly edit and adapt the data. You can add any new data/edit the existing data as per your requirement.
▶️Multiple Spreadsheets in one file.
This is one major benefit that spreadsheets offer. We can create the running record of any number of days, weeks, months, and years. We can copy-paste the formulas from one sheet to the other.
▶️Easy and Effective Comparisons.
You can analyze large amounts of data and create various graphs, patterns, and trends to influence your decisions. You also have features to sort, filter, and search certain data easily and quickly. You can make tables, pivot tables, v-lookup, h-lookup, macros, and other data items to help your decision making.
▶️Graphical display of data
Spreadsheet data can be transformed into various types of graphical displays with conditional formatting for graphical presentation and printing purposes. This makes it easy for the learner to identify current trends and jump to conclusions.
- Keep your project Conflict-free. Delays in the run time of the project shall be calculated and recorded with the help of Planned dates vs. Actual Dates. These recorded dates will play a very important role at the closing of the project or in case of an extension of time.
- Real-time Data analysis on MS excel, how? Real-time data is generated which will help you to analyze the performance of individual agencies & it will certainly help the billing department while generating bills, Grade wise concrete consumption data, and auto-generated S curves based on planned budget, the actual cost of work done through MS Excel Automation.
🟢Automated systems are actually the way!
Spreadsheet mistakes can cost millions to businesses and severe operational delays. Many businesses are moving to dedicated software and cloud-based services. This is because there are many better ways of handling data on dedicated services as opposed to using spreadsheets.
Instead of using software that has a high learning curve, advanced and confusing features, and the ability to easily create mistakes, pre-purposed software can be a way of ensuring that your business isn’t going to be at a loss financially due to human error such as moving a cell.
A timesheet or asset tracking program can be used to safely store data on a system guaranteed to be secure and stable from data loss. These can be preset to work simply and easily, without the need for macros or other confusing software settings. Solutions such as these are also well designed, enabling you to edit what you need and do not have to worry about breaking a complicated spreadsheet as users will not be able to change something on the level that would cause software issues. Solutions such as these are also designed in such a way that minimal training is required which is perfect for cost-saving.
If project tracking sheets are compiled in one file, standardize logically, and desired report formats are represented in one common dashboard it will perform as a hassle-free real-time project tracking tool. And NKM's hassle-free tool is the best solution for this.
🟢Automation is the future of the Real Estate Industry!
It’s important to stay ahead of the curve when it comes to technology, especially as it can make or break a builder’s efficiency and bottom line. With that in mind, construction executives should be aware of the latest trend: automation technology. Deemed as the number-one trend by Gartner in 2020, automation technology is the future of business.
Automation technology can be programmed to complete logical processes for builders and contractors. This grouping includes, but is not limited to, robotic process automation (RPA), intelligent business management software (iBPMS), machine learning (ML) and artificial intelligence (AI).
With the already large array of technological applications and programs businesses use, what makes automation technology the next best thing? First, automation technology is flexible. It can be used by many industries in their own unique way, such as aiding them in data mining, targeted marketing, or constructing precision-based financial models.
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🟢Overall Benefits of the system with the use of MS Excel Automation :
- Reduction in process wastage (manual time-consuming repetitive works)
- No advanced software skills required.
- One-click data analysis of overall project status.
- Better Understanding of Project Movement.
- Data is stored, now analyzed in one frame.
- Helps to get better Strategies.
- Save the ERP/Consultant Cost.
- No need for Advance software for tracking.
- Standardized data collection and analysis procedure
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