Build an IF, chain several conditions without nesting them, and get the quoting right so it does not return the literal word.
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=IF(C2>1000, "Over budget", "OK")Click the cell, type that, and press Enter. Text results need double quotes; cell references and numbers must not have them, or you get the literal characters back.
IF(test, value if true, value if false). Text results need double quotes; numbers and cell references must not have them, or you get the literal characters instead of the value. IFS replaces nested IFs and reads far better when there are three or more outcomes.
The value was quoted. "B2" returns the literal text B2, and "100" returns text that looks like a number and will not sum. Quote text results only; leave cell references and numbers bare.
IFS for three or more outcomes. Nested IFs are legal to seven levels deep and unreadable past two, and the closing brackets are where the errors live. IFS is flat and each condition sits next to its result.
AND requires both, OR requires either: =IF(AND(C2>1000, D2="Open"), "Escalate", ""). Writing =IF(C2>1000 AND D2="Open", ...) is a common instinct and is not valid syntax.
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