Calculated columns are the SharePoint equivalent of Excel formulae. They allow you display values that are calculated from the values of one or more other columns. These calculations can be made using standard mathematical operators and SharePoint's built-in functions.

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How to update calculated column on a daily basis without admin rights?

I am running SharePoint 2013 and have a column that is supposed to determine whether or not each phase of a project is late. I am using the NOW() fucntion, which, of course, does not update ...