Bullet chart is one of the most effective ways to visualize the comparison between actual and forecasted financial performance. It can be easily built in Excel and can be used in financial dashboards to make it visually appealing to the readers. The basic steps to building a bullet chart are outlined below:
- Create a table containing the actual result and thresholds of performance measure
- Insert a stacked bar (stacked column) chart to create a horizontal (vertical) bullet graph
- Format the chart, add data labels and tick marks to make it look professional!