Good day,
I have a 5X5 matrix that outlines risk factors. On one axis we have the LIKELIHOOD (of occurance) and on the other I have the IMPACT (should the occurance happen). Each of these variables are numbered 1-5, 1 being low and 5 being high.
Within my worksheet I have a column for LIKELIHOOD and a second one for IMPACT. Based on the numerical value of each of these two variables, the corresponding color will appear in the third column. Ideally I would like the word associated with the color code to appear, but I at the moment all I get is either TRUE or FALSE. I am not sure how I can replace this default value with the text that I wish to appear.
I am about half way through entering the formulae to make the correct colors appear in the third column based on the numbers from the first two columns. What I have done to acheive this is I wen to "Conditional Formatting", selected "Manage Rules" and then chose "New Rule" and from there I used "Formula to determine which cells to format". The formula I used in the above image is: =AND($D6=4,$E6=1) The results can be see above and what I hope to be able to do is replace the "FALSE" in the third column with "Med". Additionally, I am hopeful that there might be a way of doing this that does not require a separate formula for evey cell in the 5X5 matrix, that is to say, 25 unique formulae!
I'd appreciate any input!