Do you risk your most important calculations to spreadsheets?

A KPMG study found that, in a sample of 22 spreadsheets, 91 percent contained errors. Is this a fluke? Nope. A similar study by S.G. Powell discovered that, in a sample of 25 operational spreadsheets, 10 had an error — with the consequent financial impact ranging from $216,806 to $110,543,305. That’s not the kind of money any company can risk losing.

When it comes to making engineering calculations, many people still rely on Excel. Excel is an excellent tool, but it has a number of limitations when it comes to computing complex calculations. Not to mention, the difficulty in documenting and reusing one’s work.  It is essential to capture calculations in a way that is easy to reuse, analyze, and share with others. This allows you to spend more of your time actually engineering.

PTC Mathcad lets you type equations just as you would write them on a blackboard or read them in a reference book. There’s no difficult programming language or syntax to learn; you simply type in your equations and see the results. You can use the equations to solve virtually any math problem you encounter. And you can place text, images, and 2D and 3D plots anywhere on the worksheet to document your work.

ImageJoin us for a FREE Webinar, where John Sheehan, Technical Fellow at PTC, and National Judge for the FIRST Robotics Competition will walk through demos of complex plots and graphs, multithreaded calculations, custom functions, solving capabilities, integration & interoperability with other engineering tools, and documentation capabilities using PTC Mathcad Prime 3.0.

This entry was posted in Education, Events, Mathcad, Mathcad A to Z, The Inside Scoop and tagged , , , , , , , , , . Bookmark the permalink.

One Response to Do you risk your most important calculations to spreadsheets?

  1. Pingback: Construction Tech News Brief for February | Fluid CM

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