Ah, you thought I will let you go to the next decade without a “year in review” post? No so fast my friend, not so fast.
[This post is a bit long by our standards, but full of gooey excel goodness. So get a cup of coffee or choco and get going]
January 2009
The year 2009 has been pivotal in PHD’s life. It all started with a friendly email from Microsoft on Jan 1st telling me that PHD become an MVP. I felt wonderful knowing that. Even though the award meant little in terms of benefits, it is a great tribute to our little community and the passion we share here.
Later in the first week we wrote a post on how to make combination charts in excel. The discussion on combo charts continued throughout the year, so much that when I posted a holiday greeting card at the end of the year, Santhosh, one of our regulars said that they card looked like a combo chart.
Most importantly we have crossed the milestone of 2000 RSS subscribers in the Jan 2009. To celebrate that I posted one hundred excel tips. That was fun (plus Jo hated me for sitting in front of computer that long).
February
February is fun. I started off the month with an excel twitter client. Which became a wild hit on internet (ok, not so wild, but few of the other blogs in excel community did mention it. Also, JP, the rockstar VBA blogger at codeforoutlookandexcel made an add-in out of it)
Later in the month I got too excited to discover that you can use excel data filters to make a dynamic chart. By far the cheapest and easiest way to make a dynamic chart. We continued the discussion on dynamic charts for the rest of the year and posted several ways to make them.
March
I celebrated the one year anniversary of “conditional formatting rockstar” post by writing 5 more posts on excel conditional formatting. The series started with conditional formatting basics and went on to talk about how you can solve 4 most common problems using excel CF.
We also started writing about excel array formulas and continued that discussion off and on. Array formulas area fun and easy to write (once you have the basics right).
April
This has been a dull month what with my transfer from India to Sweden and sudden lack of internet connectivity. Despite all that we wrapped our first visualization contest on budget vs actual charts and posted some really excellent charting alternatives to the familiar problem.
PHD is also featured on Lifehacker for the Excel Formulas Errors – How to handle them? post.
May
We have proposed “Tweetboards” as an alternative to traditional dashboards and generated good bit of discussion in May. Later several readers emailed me their tweetboard implementations. Slowly tweetboards are spreading in the wild 😉
We also rounded up all the Excel 2007 Productivity Tips.
June
I have stared the Project Management using Excel series in this month with Project Management Gantt Charts. The 6+1 posts soon became legendary and helped me launch the project management templates. In total these posts had more than 200 comments, 150k page views in a short time.
June also was the best month PHD’s history as the blog got featured again on Lifehacker and Delicious home pages for the Excel Mouse Tricks post. Later that month we have rounded up all the techniques you can use to convert excel files to pdfs.
July
We focused on charting more and had the 14 skills you must have for making better charts. I have also written about the all too familiar sumif with multiple criteria problem and some formula solutions for it.
Later that month my post on Using Excel Goal Seek and Finding how much you need for retirement got mentioned in Lifehacker and fetched me a ton of new visitors.
August
Thanks to Aaron, who guest posted about excel waterfall charts in August. In august, I have turned my attention towards the pivot tables and wrote Excel Pivot Tables Tutorial. I have been playing with pivots off and on for a while and this post was my first serious attempt to explore the features. Later I wrote more about them and I am planning to explore pivot tables further in 2010.
In august, we have also crossed the 5000 RSS subscriber mark and celebrated it with a huge contest. Later that month I have wrapped up all the contest entries in the Excel Formulas – 29 tips post.
September
I have started the month with a discussion on Pareto Charts and how to make them in excel. Later that month I wrote about Excel Data Tables features. Both of these posts attracted a lot of discussion and helped me learn valuable new tricks in excel.
Later that month, on September 24th, I became a dad. My life has been the most wonderful and beautiful ever since.
October
In October we wrapped up the project management series with a Project Status Dashboards using Excel. Later that month I have launched the project management templates for excel product. I met several new customers and started to believe that I can make a living out of this blog.
November
In November, we started our most ambitious visualization challenge ever with the Zoho Sales Data Visualization challenge. We now have more than 30 excellent entries and I am waiting for Jan4th when we announce the voting for winner.
Also I have posted about the sumproduct formula and reviewed excel 2010.
December
We started the month with a discussion on using drawing shapes along with charts to make better dashboards. Later in the month I have written about making a quick thermo-meter chart and posted alternatives to compare targets using charts.
Finally I have released the free 2010 calendar excel for you to download and print copies.
To wrap up,
I liked this year thoroughly. Personally it has been nothing short of an exciting ride. We became parents, Jo got promoted, we purchased small piece of land (where we are going to build our dream house) and things couldn’t be better.
Blogwise, the year is equally exciting. I am extremely thankful to all of you for being there for me and encouraging me to learn and share. I met several new people thru this medium and made new friends.
I hope the year had been a memorable experience for you as well.
I sincerely wish you a prosperous new year 2010. Thank you.
PS: Those of you who visited the site yesterday must have seen the nagging “Database error”. I am sorry, but there was a problem when I moved the blog to a different server and the DB went down for almost 24 hours. Now it is up and running smoothly. Let me know if you see something funny.
39 Responses to “Make a Quick Thermometer Chart to Compare Targets and Actuals”
You'll probably have some readers insist on bullet charts, which in my experience are no easier to read.
Note on the case where actuals may exceed targets, the target has to be the second series in the chart, not the first, so it appears in front of the actual.
@Jon.. good point. And yes, readers are already saying bullets are the way to go. Atleast @dmgerbino said it on twitter: http://twitter.com/dmgerbino/status/6761754333
But I feel the same as you did. Bullets need orientation to get started and not that easy to construct (here is a tutorial btw... http://chandoo.org/wp/2008/07/21/dashboard-bullet-graphs-excel/ )
When you just have to compare 2 sets of values, a chart like above is good and easy enough.
And yes, thank you for saying that data series order should be correct to show the target on top.
I think bullet charts are a good alternative. I'm not a huge fan of the formatting that you used above where the outline is so thick.
Another option would be to combine a line graph (plan/goal amounts) with the columns (actual) and select the option to remove the line. This leaves just the value (marker), which can be increased in size to leave only a line about the size of the bar. It's an easy and cleaner way to show actual to plan/goal. Does that make sense?
Tony -
I would use columns (or area) for goal, and lines and markers for actual.
What about if you go over the target? The chart doesn't work so well then.
The technique described today is a near bullet chart. As I stated early this morning on Twitter (link: http://bit.ly/4K3yPM ) , I am a fan of Stephen Few's Bullet Graph.
Hubert Urruttia and I started with Charlie Kyd's method, but as Jon Peltier and Chandoo said, they are not easy to contruct. We moved onto prototyping with Fabrice Rimlinger's SPARKLINES FOR EXCEL and now use XLCube's (BonaVista) Micro Chart tool. Both of these tools allow you to create bullet charts just as easy as any Excel chart type.
As far as reading and interpreting them, this chart type has been the easiest for us to present.
There are many chart types. Today's "Make a Quick Thermometer Chart to Compare Targets and Actuals" is fine for a start, but your ultimate goal should be to create Bullet Graphs. AS Stephen Few states in his overview, "The bullet graph was developed to replace the meters and gauges that are often used on dashboards. Its linear and no-frills design provides a rich display of data in a small space, which is essential on a dashboard. Like most meters and gauges, bullet graphs feature a single quantitative measure (for example, year-to-date revenue) along with complementary measures to enrich the meaning of the featured measure. Specifically, bullet graphs support the comparison of the featured measure to one or more related measures (for example, a target or the same measure at some point in the past, such as a year ago) and relate the featured measure to defined quantitative ranges that declare its qualitative state (for example, good, satisfactory, and poor). Its linear design not only gives it a small footprint, but also supports more efficient reading than radial meters."
@dmgerbino
Since @dmgerbino had to bring my name up I guess I should throw in my two cents.
@dmgerbino and I have both implemented Bullet Charts with great success. What is most interesting about this fact is that we have had a harder time implementing Sparklines than Bullet Charts. The reason for this revolves around the simple fact of familiarity. I will explain. People look at a Sparkline and they think it is a really small Line Chart and it is not. People are familiar with Line Charts since they have been around since 1786 when they were created by William Playfair. Bullet Charts on the other hand are different so they almost demand an explanation. Because of this there was a lot of face time that was needed to explain these charts but once people got them they understood the concept. This is similar to when I introduced Cycle Plots http://bit.ly/87ydVG (Thank you @nbrgraphs!) or Horizon Charts http://bit.ly/6PVavj.
Now about the Thermometer Charts… The first thing I want to address is Tony Rose’s statement. I totally agree that the outline on the chart is too think. It might come of as being a whole new series or a new variable. What I have done in instances like this is I have created a Bar Graph and Scatter Plot mixture. Then I have turned off the Data Series on the Scatter Plot and turned on the Horrizontal Error Bars on the Scatter Plot. The new horizontal line stands for the Plan and the Bar is the actual. The reason why I find this more useful is because this technique works if you have exceeded plan. Actually, I do not understand how Chandoo’s method would display the data if Plan is surpassed.
This reminds me of another blog post that @dmgerbino, @Jon_Peltier, and myself commented on over a year ago. http://bit.ly/PNdO Actually, I talk about similar things in regards to familiarity to charting techniques.
- @hubert_urruttia
[...] we have a post on using thermometer charts to quickly compare actual values with targets. Today we follow up the post with 10 charting ideas you can use to compare actual values with [...]
Hi Chandoo
How do I increase the width of the bar chart and also make the long axis labels come in the same line?
Thank you,
Rajiv
@Rajiv
Select the outer part of the chart "Chart Area" and note the cursor will change to arrows
drag the edges to what ever size you want
You can hold the Alt key as you drag and the chart will snap to the cell boundaries
Now click on the chart area inside the chart "Plot Area" and note that a box with small circles appears around it
drag the circles on the edge of that box to suit
You can hold the Alt key as you drag and the chart will snap to the cell boundaries
@ Hui
Thank you for your comments. But my question was not for the "Plot Area" instead I wanted to know about how should I increase the width of the individual bar charts because with my data all the individual bars are coming to be thin and I want to make them appear broader.
Thank You
@Rajiv
Right click on the Series you want to change and select Format Data Series
Under Series Options goto Gap Width and decrease it to suit
[...] Make a Quick Thermo-meter Chart using Excel [...]
Thank you for the great chart and explanation!
How do I show two amounts (Signed Revenue and Pipeline) as stacked within the Target amount?
@CL... you can use stacked column charts and follow the same technique to get this. See attached file for an example - http://img.chandoo.org/playground/thermo-meter-with-additional-details.xlsx
Chandoo - thanks for the quick response! What if I want the data label for the pipeline to be the actual pipeline value, not the signed rev + pipeline value? i.e. 15 instead of 55
Thanks!
How would i do this in excel 2003?
[...] Thermo-meter charts are very good to show how actual value compares with target (or budget). But how can we add another point for say Last Year value to the chart with out cluttering it. [...]
Hi Guys,
As Matt said,
"What if you if you go over the target?"
Is there a way to make it change color? or at least to show what the target was?
I am planning to use this with a "Forecasted vs Real" production chart but I do not know how to show overproduction.
Any clue?
Thanks
How do I do this if I have 2 bars I want side-by-side? ie 2012 Mean with 2012 benchmark overlapping and then 2013 mean with 2013 benchmark overlapping? I want the 2012 and 2012 mean bars sie by side to compare multiple categories.
Sorry, I meant to say the 2012 and 2013 mean bars side by side
I have a problem in that my PM wants a chart that shows a stacked column (Labor and Expense) and then have the overall buget shown as a thermo.
Everytime I try to do this, I either end up with all three being stacked or all of them being seperated.
Help?
Or if someone knows how to only outline the top and sides of a chart series....then I would have this solved. (Make a stacked column with labor, expenses, and remaining budget, then clear the fill and outline only the top and sides.) I just can't figure out how to do that/ not sure if excel will let me only outline part of a chart series.
[...] Thermometer chart to show budget vs. actual performance [...]
Your home is valueble for me. Thanks!...
I've created the thermometer chart as the Chandoo tutorial described. How do I move my columns closer together? I don't want wider columns; I want to move my narrow columns closer together. Thank you!
Dear Elite members,
could you please let me informed whether we could incorporate color formating in this thermometer approach i.e. if my actual performance is <Min then meter color sud go Red, in between min & target it sud change to Amber & target and above sud change to Green. pls advise. thanks,
I think the only way to do that would be with VBA programming.
@Abhinav
Yes, Simply use a stacked column chart, colored appropriately
Or
You may also want to read about Bullet Charts
@ Hui,
Could you pls demonstrate this with the help of an example.
let's have the below sample data
Actual=12
Min=10
Target=15
Max=20
if Actual>=Min then bar color sud be Red
in between Min & Target= Amber
between target(inclusive) & Max = Green
greater than or equal to Max= Blue
Thanks in advance
Abhi
Great blog post with awesome sample data. I've implemented two of the top "power tips" by changing the colour of the actual values, AND setting Actual to be 40% transparent. Looking good.
[…] easy with these charts. Use them sparingly. As a rule a thermo-meter chart would be better (easy to make, takes less space, scalable) for situations like […]
[…] easy with these charts. Use them sparingly. As a rule a thermo-meter chart would be better (easy to make, takes less space, scalable) for situations like […]
I recently purchased the template bundle and love the ease of use - thank you!
I would like to ask if it is possible to add an important 'block' to the dashboard to illustrate an important status for my executive team; 'billing status'? (ie budget / amount billed) something like that?
Thank you!
@Cheif449.. Thanks for your purchase and kind words.
You can add this easily to the dashboard. Follow below steps.
1. Unprotect the dashboard worksheet.
2. Add a text box (Insert > Drawing Shapes) to the dashboard
3. Put any text inside it as per your need.
4. Format it as needed.
5. Protect the dashboard again.
How do you do this in Excel 2010 - I am not seeing that option in Format data series.
how would we check target and actual sale for multiple years
Select any of the bar, right click and format data series