http://www.eusprig.org/basic-research.htm http://www.eusprig.org/basic-research.htm > There is a very extensive research base on the risks of using spreadsheet

http://www.eusprig.org/basic-research.htm http://www.eusprig.org/basic-research.htm > There is a very extensive research base on the risks of using spreadsheets within business see [Panko, 2000] [Panko & Ordway, 2005] [Powell, Baker & Lawson, 2007]. Much of the research has been coordinated and progressed by EuSpRIG [Chadwick, 2003]. Further significant work improving the end user approach to software has been undertaken by the EUSES consortium [EUSES, 2009]. > The main known risks of spreadsheets include: > a) Human Error – To err is human, hence the majority (>90%) of spreadsheets contain errors. Because spreadsheets are rarely tested [Panko, 2006] [Pryor, 2004] these errors remain. Recent research has shown that about 50% of spreadsheet models used operationally in large businesses have material defects [Powell, Baker, Lawson, 2007] [Croll, 2008]. Approximately 50% of executives recently surveyed had encountered spreadsheet related problems up to and including staff dismissal [Caulkins, Morrison & Weideman, 2007].