WORKDAY
The WORKDAY function in Excel is a financial function that calculates the date that is a specified number of working days (or business days) before or after a given date. It takes into account weekends and any specified holidays, which can be excluded from the calculation.
NETWORKDAYS
The NETWORKDAYS function in Excel is a financial function that calculates the number of working days between two dates, excluding weekends and specified holidays. It can be used to calculate the number of business days for a project or to determine the number of workdays between two dates for various purposes, such as payroll or billing.
Goals
Please follow the directions given below, which include downloading the Excel worksheet required to perform the challenge tasks. Once you have completed the download, proceed to take the challenge and test your skills.
Task
Determine the initial date of the project, which
should be seven working days later than the contract
signing date.
Indicate the length of the project in both regular
calendar days and working days.
Submission
Reply to this post with your formula code and solution file. Please be sure to blur or hide your formula code.
Please find attached file and formula used in the file
Calculate Project Start Date:
=WORKDAY(C2,7)
Calculate Duration (Calendar Days):
=DATEDIF(D2,E2,“d”) (Column D is Project Start Date, Column E is Project End Date)
Calculate Working Days )
=NETWORKDAYS(D2,E2) (Column D is Project Start Date, Column E is Project End Date)
Project Start Date:=WORKDAY(C2,7) Duration (Calendar Days):=1+E2-D2 P.D. I add 1 to the number of calendar days, because the first working day must be taken into account. To make it clear, if a project starts and ends on the same day, it should be counted as 1 working day, not 0. Duration (Working Days)=NETWORKDAYS(D2,E2) P.D. Here it is not necessary to add 1, because the function places the number 1 automatically (you can test this by placing the same date at the start and end of the project, the result will be 1).
Thank you for participating in the Excel Challenge related to Workday & Networkdays Functions! I hope you found this challenge to be a fun and engaging way to improve your Excel skills and learn more about how to work with Workday & Networkdays Functions in Excel.