How to Create Variance Arrows with Actual and Target Columns Chart in Excel?

Welcome back to the #DatatoDecisions series.
Visualize performance metrics like a pro with our Excel tutorial on creating an Actual vs Target Chart with variances clearly indicated using arrows. This powerful visualization technique allows for a quick assessment of performance against goals set.
In this instructional video, the steps followed are:
1:01 Create all the necessary additional columns required for the chart
3:10 Select the necessary columns and insert a clustered column chart
3:34 Change the chart type, as needed
4:23 Adjust the series overlap
5:23 Format the fill color for the baseline
5:33 Include the error bar for positive variance and format it
6:48 Create error bar and format the negative variance as well
8:04 Change the order of Actual and Target series and format these series
8:45 Format the chart for a clearer visual
9:06 Add data labels for Actual and Target series
9:50 Add the labels for the variance series by adding the max series
11:18 Format the labels for the variance series
12:22 Format the final chart for a greater visual
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[@srinivasraogampala4420]

Awesome sir. Nice explanation

[@indzara]

Thank you for sharing your valuable feedback.
Best wishes.

[@ashwathsunboxing8088]

thank you, helpful to me

[@indzara]

You are welcome. We are glad that our video was helpful.
Best wishes.

[@Skhan0804]

sir Thanks for such a wonderful course , one question , if variance is negative how to highlight with red color an if positive green color can we do this ?

[@indzara]

You are welcome. Thank you for sharing your valuable feedback.
Yes, we can highlight the negative and positive variance with red and green color by having the negative and positive variance value in two different column as shown in this video. (Column G and H on time frame 3:20)
Best wishes.

[@MrMan7320]

can do this with few year /month
comparison

[@indzara]

Thank you for watching our video.
Yes, you can do this with years/months instead of departments.
Best wishes.