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Using MS Excel as a typewriting tool does work, but by implementing a few hacks, you can get so much more out of it, and most importantly, you can save time. In this video I will show you how to automate the risk evaluation process.
Another cool feature to add to add after adding the automatic risk evaluation, is to make MS Excel colour the cells based on their content.
You can download a template for risk analysis here that contains the above functions if you want try it out yourself.
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