How efficient is using Excel as a status sheet?

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If it fits your status structure and ways of working then it's perfect. If it doesn't then look for other options.

Right tool for the job in the right hands.

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depends on your skill level. also depends on the tools available to you outside of excel.

Totally doable. Have seen it for 8-50 projects at a time. Just make sure you have a reasonable and realistic structure for updates- who owns them and why, accountability for keeping them accurate, and reinforcing using said status sheet by stakeholders.

If the projects are fairly simple and linear, it's excellent

It's as efficient as the set up of the status report. Make sure it's not cumbersome that no one wants to use it and can easily provide an actual status of the projects.

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