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In this tutorial, viewers learn how to create a checklist in Excel, represented by checkboxes, which can aid in tracking activities and enhancing dashboards. The process begins by adding the Developer tab to the ribbon: right-click on the menu, select "customize ribbon," check the Developer tab option, and click "OK." Next, navigate to the Developer tab, click on "insert," and select the checkbox from the form controls to draw it in the desired cell (e.g., C5). Users can also rename the checkbox text as needed. The video emphasizes the practical application of checklists in organizing and maintaining activity logs effectively.