Excel here

Tuesday, September 05, 2006

3 Steps to Create cool dashboards in excel

Dashboards are very common business monitoring tools, but creating them in excel with all the bells and whistles is not so easy. So here is a quick 1-2-3 on how to do it.

Lets take a sample of 2 consecutive year sales figures for 7 regions. The colums have Region name, 2004-05, 2005-06 figures and finally YoY Growth percentages. The lame dashboard should look something like this:


But may be we can make it little better. Ideally, a person looking at this would like (to know) the following things:



  • What are the things that are going up / down / remaining constant
  • The chart should look simple and not cluttered; meaning, there cant be multiple columns to present information. He/she should be able to look at one column and concluded something
  • May be little graphics wont hurt the presentation while retaining the information.

So, a cool dashboard would look something like the below one:

Well, how to get it in 3 steps?

  1. Type the following formula in the cell F5 and drag it to apply to all the cells

    [Click on the image to see bigger version of the formula]
  2. Select the range F5:F11, goto Format->Conditional Formatting and enter the following values there:

    [Click on the image to see bigger version of the formula]
  3. Finally, if its already not, change the font of the worksheet to Arial, (see those arrow marks, they are not available in all fonts. And btw, if you dont know how to insert them in the formula use Start->Programs->Accessories->System Tools->Character Map and then locate the symbols.)

So, go ahead and impress everyone with the cool dashboards.

78 Comments:

  • Hey chandoo,
    I really appreciate the idea of this blog. I also use excel in my day to day work. Hope this would help me a lot. All the best.
    Krishna

    By Blogger Krish, at 9/06/2006 10:04:00 PM  

  • Hi Krishna...

    Welcome to R1C1, Thanks for your appreciation. :)

    By Blogger Chandoo, at 9/07/2006 10:38:00 AM  

  • Your formula is not working for me for some reason. Can you repost it without the breaks?
    Thanks

    By Blogger mush180, at 12/18/2007 09:00:00 AM  

  • HEY CHANDOO, WHEN I HAVE DRAGGED IT DOWN I HAVE GOT SOMETHING SAYING LIKE VALUE!#. CAN U TELL ME WHY?

    By Blogger Sahil, at 4/29/2008 10:47:00 AM  

  • Thanks, this is great. I was able to duplicate with the only execption that my E figures also display along side of the new F figures. In your screenshots you display the F to start and then the completed shot goes from D to F. If I try to delete the E figurs my numbers are missing their values. Any comments to fix this???

    By Blogger GBS Consulting Group, LLC, at 5/14/2008 11:31:00 AM  

  • This comment has been removed by a blog administrator.

    By Blogger www.ShareTipsInfo.com Team, at 5/19/2008 03:27:00 AM  

  • Nice blog - I do some work with Excel dashboards, and love to come across creative ways to show tyhe data.

    Best,

    Ken

    By Blogger Ken Cherven, at 7/16/2008 12:06:00 PM  

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  • Hi Purna Chandra,
    I like your excel blog & an avid fan of your tips at the pointy haired dilbert.
    Can you plz do a favour to me?
    Plz send me the soft copies of your work. Specially the one which is here at your blog (3 steps to create cool dashboards in excel). I am a retail professional & do tha data analysis on weekly basis & monthly basis. This would do a lot of help to me.
    Thanks

    By Blogger gautam, at 9/22/2008 03:40:00 AM  

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    By Blogger gautam, at 9/22/2008 03:41:00 AM  

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    By Blogger buzzingstreet, at 5/25/2010 02:50:00 AM  

  • Dear Visitor,
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    NSE and BSE are trading in range and we are expecting breakout in the market after budget. One should buy quality stocks at every decline and should exit long positions at every rise.

    Regards
    BUZZINGSTREET

    Stock market investment if done with proper research and updated knowledge than it can give very lucrative results. There are four basic golden rules of stock market which are to be followed
    (thebuzzingstreet1@gmail.com)

    By Blogger buzzingstreet, at 6/18/2010 05:49:00 AM  

  • Please its way big a tedious and complex formula for the simple operation you want to do.. i have this formula below. try this out...

    =CONCATENATE(TEXT((D5-C5)/C5,"0.00%"),IF(D5=C5," No change",IF(D5>C5," Increase"," Decrease")))

    By Blogger rituraj, at 6/30/2010 12:07:00 AM  

  • infact the formula you have given gives an error!!! so I have reworked it to make it function..For increase, decrease and no change in yoy growth, i have used different symbols..here is the formula which works

    =IF(D5-C5=0,CONCATENATE(FIXED(((D5-C5)*100/C5),2),"%",REPT(" ",4),"&"),IF(D5-C5>0,CONCATENATE(FIXED(((D5-C5)*100/C5),2),"%",REPT(" ",4),"^"),CONCATENATE(FIXED(((D5-C5)*100/C5),2),"%",REPT(" ",4),"#")))

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  • Dear Visitor,
    Market is showing some good move. Nifty traders are now confused if they should go short in Nifty from current level of 5400 or should go further long. NSE and BSE are the two major stock exchanges of Indian stock market.

    Keeping in mind that many investors and traders are very much confused with the current market move, we have stared posting Free technical research reports
    . These reports are highly accurate and are available for free.


    Regards
    BUZZINGSTREET

    Stock market investment if done with proper research and updated knowledge than it can give very lucrative results. There are four basic golden rules of stock market which are to be followed
    (thebuzzingstreet1@gmail.com)http://www.buzzingstreet.com

    We will be discussing the various benefits of speed trading and its various coefficients using which one can make the most out of their investments in the Indian stock market including both Nifty and Sensex (NSE and BSE)

    By Blogger buzzingstreet, at 7/28/2010 01:30:00 AM  

  • Dear Visitor,
    Market is showing some good move. Nifty traders are now confused if they should go short in Nifty from current level of 5400 or should go further long. NSE and BSE are the two major stock exchanges of Indian stock market. Keeping in mind that many investors and traders are very much confused with the current market move, we have stared posting " title="technical research reports"> technical research reports These reports are highly accurate and are available for free.

    Regards
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    Nifty is on its peak now and is turning volatile. Investors are suggested to book long delivery positions soon. As after some more upmove we can see profit booking in the market soon. Investors are suggested to grab quality stocks at lower level again.

    By Blogger buzzingstreet, at 10/05/2010 12:45:00 AM  

  • Dear Visitor,
    Market is showing some good move. Nifty traders are now confused if they should go short in Nifty from current level of 5400 or should go further long. NSE and BSE are the two major stock exchanges of Indian stock market. Keeping in mind that many investors and traders are very much confused with the current market move, we have stared posting " title="technical research reports"> technical research reports These reports are highly accurate and are available for free.

    Regards
    Stock market investment if done with proper research and updated knowledge than it can give very lucrative results. There are four basic golden rules of stock market which are to be followed. (thebuzzingstreet1@gmail.com)www.buzzingstreet.com


    Nifty is on its peak now and is turning volatile. Investors are suggested to book long delivery positions soon. As after some more upmove we can see profit booking in the market soon. Investors are suggested to grab quality stocks at lower level again.

    By Blogger buzzingstreet, at 10/22/2010 02:49:00 AM  

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    By Blogger sharetipsinfo, at 3/16/2011 03:39:00 AM  

  • Hi,
    Lot of global tensions is going on at this time. Japan is

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    they want to revamp their country now. In current scenario

    anything can happen in the

    Share market



    Investors are advised not to panic and stay invested only

    safe traders and investors should exit their long

    positions on every high and one can use every decline as

    an opportunity to enter market again.

    Regards
    SHARETIPSINFO TEAM

    By Blogger sharetipsinfo, at 3/16/2011 03:39:00 AM  

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    Indian stock market offers lot of earning opportunities still many less traders earn from it. Now the question is who earns from the share trading? To be honest only those who rely on stock research as no one can earn big by speculating in the market.

    Regards
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  • Nice blog would like to add that NSE and BSE are one of the most superior stock exchanges of India. If you wish to earn good money from the share market then you need to understand the functionality of the stock market properly.

    Indian stock market offers lot of earning opportunities still many less traders earn from it. Now the question is who earns from the share trading? To be honest only those who rely on stock research as no one can earn big by speculating in the market.

    Regards
    SHARETIPSINFO TEAM

    By Blogger sharetipsinfo, at 7/27/2011 09:31:00 PM  

  • In this article we shall be discussing about the various ways in which one can make as much profits as maybe possible and how we can select securities to make investments. Investing in securities can be profitable only if investment is done with proper research

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    By Blogger sharetipsinfo, at 9/14/2011 08:54:00 AM  

  • Nice blog would like to add that NSE and BSE are one of the most superior stock exchanges of India. If you wish to earn good money from the share market then you need to understand the functionality of the stock market properly.

    Indian stock market offers lot of earning opportunities still many less traders earn from it. Now the question is who earns from the share trading? To be honest only those who rely on stock research as no one can earn big by speculating in the market.

    Regards
    SHARETIPSINFO TEAM

    By Blogger sharetipsinfo, at 10/19/2011 09:21:00 PM  

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    By Blogger Nick Lachey, at 1/19/2012 12:03:00 PM  

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    By Blogger sharegyan, at 3/01/2012 10:08:00 PM  

  • This comment has been removed by the author.

    By Blogger way2profit, at 3/12/2012 03:05:00 AM  

  • Hi Chandoo,

    Do you have any examples on creating dashboards to report IT project status....

    By Blogger Niksrinivas, at 3/28/2012 06:11:00 AM  

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