Chapter 13. Components that Show Performance against a Target
In This Chapter
Using variance to compare performance with a target
Displaying performance against organizational trends
Creating a Thermometer-style chart
Creating a bullet graph
Showing performance against a target range
No matter what business or industry you talk about, you can always point to some sort of target to measure data against. That target could be anything from a certain amount of revenue to the number of boxes shipped or phone calls made. The business world is full of targets and goals. Your job is to find effective ways to represent performance against those targets.
What is performance against a target? Imagine your goal is to break the land speed record (currently 763 miles per hour). Your target speed is 764 miles per hour. After you jump into your car and go as fast as you can, you will have a final speed of some number. That number is considered to be your performance against the target.
In this chapter, we discuss some new and interesting ways to create components that show performance against a target.
Showing Performance with Variances
The standard way of displaying performance against a target is to plot the target and then plot the performance. This is usually done with a line chart or a combination chart, such as the one shown in Figure 13-1.
Figure 13-1. A typical chart showing performance against a target. ...