In many businesses, the risk management grows from a very simple spread sheet into a complex cash flow model. If this complex cash-flow model stays in Excel, then you get an explosive combination.

A conference on risk management with spreadsheet models now focuses on this combination:

European Spreadsheet Risks Interest Group

Eusprig 2012 conference in Manchester July 5-6

http://www.eusprig.org/index.htm

The website is especially interesting due to the horror stories, where miserable spreadsheet models.