Post updated in May 2018.
Wow, Just Wow. I am thrilled and over joyed seeing the quality and quantity of responses received for our first visualization challenge. There are just too many good responses that dedicated a whole weekend afternoon compiling a post about them.
First let us take a look at the entries, in no particular order. You can click on the image to see expanded version. Also I have added one or two lines for each chart about what is good and what is not so good.
1. 3 colors and everything is clear
Submitted by: Gerald
What is WOW about it?
Very easy to understand the values
Shows the differences in % which makes more sense to business users
What is not so wow about it?
Somewhat misleading, since the budget variance is shown in a corner (thus when you have actual as zero, you will see 2 bars, one with budget, one with variance thus confusing the reader that 50% is the variance)
2. A simple budget vs. Actual chart
Submitted by: Juwin Thomas
What is WOW about it?
Looks slick
What is not so wow about it?
Provides very little information as no labels are available
Could have used one color for center instead and changed the orientation
3. Creative Options to Visualize Budget vs. Actual Data (1)
Submitted by: Lee
What is WOW about it?
Very easy to compare trends, for eg. It is easy to conclude that Center 1 is has grown in the last 5 quarters
What is not so wow about it?
Instead of displaying actual-budget, it could have been budget-actual since our data is like that. That way it would have been easy to compare the variances
4. Creative Options to Visualize Budget vs. Actual Data (2)
Submitted by: Lee
What is WOW about it?
Creative and shows lots of data in one quick snap shot
What is not so wow about it?
Kind of difficult to read and understand
5. Creative Options to Visualize Budget vs. Actual Data (3)
Submitted by: Lee
What is WOW about it?
Creative and Shows the quarter-wise trend in a different way
Provides average variance and actual/budget %s too
What is not so wow about it?
Could have been better if the both actual and budget values are show how incorporated
6. Simple and Easy to Read
Submitted by: MB
What is WOW about it?
Very simple and very easy to understand
What is not so wow about it?
Could have added labels since the gaps are too small
7. Quarter-wise Snapshot of Budget Performance
Submitted by: NamKo
What is WOW about it?
Provides all the useful information, budget, actual, budget-actual, variance %s
What is not so wow about it?
It is difficult to see how the centers have performed across centers
8. Center Level Performances Along with Cumulative Values
Submitted by:
What is WOW about it?
Provides a quick snapshot of center level values along with cumulative values
Looks slick
Has an option to add comments
9. Simple and Easy to Read (2)
Submitted by: Efrit
What is WOW about it?
Uses less color and stresses on actual values in the budget frame
Easy to compare both center-level and between centers
What is not so wow about it?
Since the variances are low, it is difficult to find the values without labels
10. A Pivot Chart show the Budget vs. Actual Performances
Submitted by: Jacob
What is WOW about it?
Uses pivot charts to show both center level and cumulative performances
Can be filtered using pivot chart features
What is not so wow about it?
The cumulative values are shown in a smoothed curve, although it is good, it kind of misleads
Labels could have been used as the values are close to each other
11. Simple and Easy to Read (3)
Submitted by: Michael Podemski
What is WOW about it?
Shows values in tables thus making it easy to read
What is not so wow about it?
The 3d feature of budget marker are kind of misleading as the gaps are very small, could have used a line instead
12. Cumulative Variances along with Budget and Actual Performances
Submitted by: TJ
What is WOW about it?
Shows cumulative variances as well
What is not so wow about it?
Could have used the lesser colors
13. Using form controls and displaying one center data at a time
Submitted by: D Murphy
What is WOW about it?
Provides all the information for a center quickly
Takes less space
What is not so wow about it?
Difficult to compare the performance of various centers in a quarter
You have to calculate the gap between budget and actual
14. Showing YTD Trends along with budget and actual trends
Submitted by: Pablo GM
What is WOW about it?
Looks slick
Provides a variety of information
What is not so wow about it?
Could have used colors instead of gradients
Doesn’t tell the difference between budget and actual in numbers
A Big thank you to all the people who have sent their entries through email and blog comments.
Thanks to readers for constantly checking out the entries and commenting on the ones that needed improvement.
Additional Material You Should Check out If you want to Make Charts Like Above:
Target vs. Actual Chart in Excel | Best charts for showing % progress
How to create interactive chart in Excel
Excel Combination Chart Basics
Our Excel Charting Page with a Ton of tutorials and DIY Training Material
24 Responses to “Free Excel Risk Map Template”
Why didn't you include the mitigation or risk IDs in the chart?
You can easily add such detail by modifying the TEXTJOIN function. Another way to use them is to add a slicer to highlight all risks that have a specific mitigation strategy or team member assigned to them. I left out those bits fto keep the article short.
I tried adding a slicer filter for the mitigation step but the TEXTJOIN is not affected by it. I added a helper column called "Visible" using the AGGREGATE function but I am unable to think of a method to pass that on to the map.
Could you please help, Chandoo?
Thanks
Never mind. I got it working. 🙂
Apologies, I didn't thank you for the file to begin with.
Great concept. thanks!
Awesome.. good to hear that Rajesh and of course you are welcome 🙂
Hello everyone,
Another amazing tutorial, great content and tips! My question is about slicers. How do you add slicers to this matrix? I've added 2 columns in my workbook table (Work Stream and Project Name) and I want to be able to filter (slice) the matrix on Project Name, but having some trouble with this. The slicer works fine in the data table, but how do I connect it to the risk matrix, so that only risk titles show up for the selected project?
Many thanks in advance for your guidance,
MyvJ
Can you create a sheet in live stock market data price change with profit and loss graph with time. which could indicate live profit and loss in each time frame 5minute, 10 minute, 15 minute, 30minute, hourly with some modifications
Hi
I've tried to get your formula to work, but likelihood / impact 1/1 does not seem to work.
Hi Chandoo
Awesome instructions! Thank you so much, this really helped me.
I was wondering if it would be possible to list the Risk ID number along with the Risk Title with a dash in between, rather than a bullet point? I have had a try at this but I keep getting a #VALUE error. I can see it's wrong but can't figure out what it should be instead. If you have time do you mind letting me know what I'm doing wrong?
{=" - " & TEXTJOIN(CHAR(10)&" - ",TRUE,
IF(RiskRegister[Likelihood]=$A17,IF(RiskRegister[Consequence]=F$3,CONCAT(RiskRegister[ID],RiskRegister[Risk Title]),""),""))}
Thank you!
Sally
Hey Sally, You are welcome.
I think the CONCAT inside TEXTJOIN is the culprit. Try this and hopefully you should see the ID too.
{=" - " & TEXTJOIN(CHAR(10)&" - ",TRUE,
IF(RiskRegister[Likelihood]=$A17,IF(RiskRegister[Consequence]=F$3,RiskRegister[ID]&RiskRegister[Risk Title],""),""))}
Hi Chandoo
You're a legend! Thank you so much! I had to make a minor tweak but otherwise it worked perfectly. Here is the tweaked version in case it helps anyone else:
=TEXTJOIN(CHAR(10),TRUE,
IF(RiskRegister[Likelihood]=$A8,IF(RiskRegister[Consequence]=C$3,RiskRegister[ID]&" - "&RiskRegister[Risk Title],""),""))
Thank you again!
Hi, Im not able to change the formula when trying to add risk Id instead of bullet point.
trying this: ="• "&TEXTJOIN(CHAR(10)&"• ";TRUE;IF(risks[Probability of Occurance *]=$C5;IF(risks[Severity of potential Impact *]=H$8;risks[Risk ID]&". "[Title *];"");""))
Cant see any solution on this.
thankful for help
Hi Chandoo,
This is perfect - One quick question, How can I add a hyperlink to the risks - So that I can click on the particular risk and it takes me to the actual row of that item.
Many thanks in advance.
HI Chandoo,
Is there a way to only display filtered item. Once the list gets big, it's hard to see all risk.
Kind regards,
SinYen
Hi Chandoo,
Quick question
1) Is there a way to remove duplicates within each risk block?
2) Is there a way to have the results in the chart update based on a filter or slicer?
Thanks a lot
Hi Chandoo,
The risk map is a brilliant tool, and I wanted to the risk map to only show Open risks. How can I do that?
Just found this today as I am making a risk matrix as well. I got the formula to work with this, where a risk score is above 30. Risk score = probability*impact*modifier.
So this works flawlessly, ="- "&TEXTJOIN(CHAR(10)&"- ",TRUE,IF('Risk tracker'!G4:G27>=30,IF(Table1[Urgency]="Now",'Risk tracker'!A4:A27,""),""))
I am trying to find a range now. Risk score in between 21-29. I tried using the AND function, but I couldnt get it to work. Is there anyway to get this formula to work with a range as mentioned above?
Thanks Eric.
You can't use AND() as it is not able to return arrays. You can try below formula.
="- "&TEXTJOIN(CHAR(10)&"- ",TRUE,IF(('Risk tracker'!G4:G27>=21)*('Risk tracker'!G4:G27<=29),IF(Table1[Urgency]="Now",'Risk tracker'!A4:A27,""),""))
Hello, this template is nice, thank you but im facing a problem when I need to find a range of impact. I cant figure out how..
My actual form is "="• "&TEXTJOIN(CHAR(10)&"• ";TRUE;IF(Table1[Impact]=A8;Table1[Title];"");"")"
Where A8 is number "1" so this formula finds everything with impact 1 and shows the titles.
What I need to get is a range so,
A8 is "1" and A9 is "2" and I need the formula to find all titles which impact is between 1 and 2.
I tried the AND function and so on, nothing worked..
Can you help me please?
i tried everything in your video in the end i only get the bullet... please guide me through
Sorted it... i was flash filling the other cells and it took other columns...
i do have another question though... how can i use slicers to filter the content of the matrix, so that it'll show only the departments i select?
slicer is working fine with the table, but the matrix still shows all the results
Just want to thank you for this.
It is awesome.
Hello everyone,
I think I accidentally nested my question in another thread. Apologies!
This is another amazing Excel tutorial, with great content and tips! My question is about slicers. How do you add slicers to this matrix? I've added 2 columns in my workbook table (Work Stream and Project Name) and I want to be able to filter (slice) the matrix on Project Name, but having some trouble with this. The slicer works fine for the data table, but how do I connect it to the risk matrix, so that only risk titles show up for the selected project?
Many thanks in advance for your guidance,
MyvJ
This is another amazing Excel tutorial! My question is about slicers. How do you add slicers to this matrix? Please advise