A Dynamic Pareto Chart in Excel
A Pareto chart in Excel is a chart which is made up of a column chart and a line chart to show a cumulative position. This is often a good chart to show an 80 20 scenario, where 80 % of the costs are achieved by 20% of the cost drivers. The chart can be created by segmenting the the data into cost drivers or buckets. If your business expenses were allocated into the following buckets:
Staff
Building
Legal
Accounting
Rates
Entertainment
Marketing
Infographics in Excel
Infographics in Excel is not a new concept but these sort of graphical representations are very powerful and convey a striking message. Infographics are usually not as dynamic as a dashboard, they tell a striking story. This is not to say that the source data which populates the infographic can't be dynamic in nature.
My website is about to explode with Infographics as I publish a swath of interactive Excel Infographics for people to plug and play with.
Read MoreFormat Chart Numbers as Thousands or Millions
Recently I have been creating some comparison charts (prior year agains projections) and usually the numbers in my tables have been in a format which would suit. In this recent project though the data was in large whole numbers and I wanted to format this into a chart so it appeared as millions. In order to get from whole numbers to millions I had to work with the number format in what was a slightly unintuitive way and I hope by sharing this that I save you some time in the process.
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