The planned vs Actual chart in excel will give you an edge over traditional tabular analysis. In fancy terms, we call it as a Budget vs Actual analysis or Variance analysis. Indeed, it’s quite essential to assess the performance of our plans against actual results periodically. So, in this step by step tutorial, we are going to take a look at how to build planned vs actual graph in excel....
Creating excel heat map is an art. You need to know which colour combinations work better for your scenarios. According to aresearch conducted by Prof. Richard Wiseman, “about 25% of people found documents with colours are easier to analyse”. In fact, colours can play a pivotal role in your analysis when you use it wisely. For example, if you’d like to highlight high-cost scenario then you might have to use Red, similarly Green for the low cost....
Excel Go to Special command has a special focus in the industry, do you know why..? As the name suggests, the user can quickly select a cell or a group of cells based on a preferred condition. For example, if you want to quickly see all formula cells in your workbook then your ideal option would be “Go to Special”. It’s not just limited to formulas, you can also use it for finding blanks, Comments, Errors, Conditional formatting, Data validation etc....
It was 2010, I was just out of college and searching for my first job, I was scrutinised in an interview to check whether I have required excel skills or not. Thankfully I was fully prepared to answer their questions and got selected for the position. I think it’s most common situation for young & experienced professionals nowadays. Increasing dependency on excel is actually demanding people with various skills in excel....
Can better data let you make better decisions..? Maybe yes, with Excel text formulas you can analyze data effectively. Every day your business will generate millions of lines of data, and most of the times your data will not be in a structured way, even the best technology in the world cannot give you ready-made data to support your decision-making process. I think that is the reason why we’re so heavily dependent on MS Excel from simple to complicated analysis....