This module is a lecture with presentation. It discusses the role of spreadsheets in planning and management reporting. It asks the questions: "what is the business risk?" and "how do you manage and ameliorate those risks?" It identifies the key sources of error and their impact and contribution to spreadsheet risk.
It introduces simple but effective built-in techniques for identifying errors and canvasses some commercially available tools available to assist with this task. It suggests some strategies and standards required within an organisation to manage the risks in model construction, maintenance and usage. It proposes some straight-forward approaches to better manage these risks and address governance concerns.