A heatmap is a graphical representation of data where the individual values are represented as colors. Heatmaps can be used to identify patterns and anomalies in large datasets, such as those created by Excel's analysis tools.
An Excel Risk Heatmap is an easy way to visualize the risk levels of the data in your spreadsheet. The heat map uses colors to indicate how risky each cell value is, so you can easily identify where potential errors are hiding.
Risk heatmaps are a great way to visualize your data in Excel. To supplement the heat map with information the excel template contains additional sections to provide details or comments. The schedule sections can cover key project phases with end dates and status. There is also a section to enter any comments related to issues visible in the heat map.
File Type: Excel
- Visualizing and Understanding Your Data
- Identifying Areas of Concern
- Showing Expected Losses
- Prioritization for Action Items - The higher the number, the higher priority it should be given.
- Assessing Risks to Financial Reporting