#Data analysis excel template how to#

Asking the right questions would help you understand what data you need and how to design the dashboard.Р”Р„lways know where the data comes from and in what format. Is it to track KPIs just one time, or on a regular basis? Does it need to track the KPIs for the whole company or division-wise?.

Be clear on what purpose the dashboard needs to serve. The first thing to do as soon as you get the data (or even before getting the data), is to get clarity on what your stakeholder wants. Things to Do Before You Even Start Creating an Excel DashboardР”Р„ lot of people start working on the dashboard as soon as they get their hands on the data.Р”Р„nd in most cases, they bring upon them the misery of reworking on the dashboard as the client/stakeholder objectives are not met.Р”В«elow are some of the questions you must have answered before you start building an Excel Dashboard: Similarly, if youРІР‚в„ўre creating a dashboard for Human Resources department to track the employee training, then the objective would be to show how many employees have been trained and how many needs to be trained to reach the target. How to Create an Excel Dashboard?Р”В¬reating an Excel Dashboard is a multi-step process and there are some key things you need to keep in mind when creating it.Р”В®ven before you launch Excel, you need to be clear about the objectives of the dashboard.Р”Р‡or example, if youРІР‚в„ўre creating a KPI dashboard to track financial KPIs of a company, your objective would be to show the comparison of the current period with the past period(s). Now that we have an understanding of what a dashboard is, letРІР‚в„ўs dive in and learn how to create a dashboard in Excel. These dashboards could be static or interactive (where the user can make selections and change views and the data would dynamically update).

A dashboard, on the other hand, would instantly answer important questions such which regions are performing better and which products should the management focus on.

These reports are then used to create dashboards (in Excel or PowerPoint) that will aid in decision making. It would simply report all the relevant sales data. For example, if a manager wants to know how the sales have grown over the last period and which region were the most profitable, a report would not be able to answer it.

A report would only collect and show data in a single place.

It contains charts/tables/views that are backed by data.Р”Р„ dashboard is often called a report, however, not all reports are dashboards. LetРІР‚в„ўs first understand what is an Excel dashboard.Р”Р„n Excel dashboard is one-pager (mostly, but not always necessary) that helps managers and business leaders in tracking key KPIs or metrics and take a decision based on it. What is an Excel Dashboard and how does it differ from a report?

EPL Season visualized in an Excel Dashboard.

Using Excel Charts to Visualize Data in an Excel Dashboard.

Interactive Tools to Make Your Excel Dashboard Awesome.

Important Excel Functions for Dashboards.

Excel Table РІР‚вЂњ The Secret Sauce of an Efficient Excel Dashboard.

Outlining the Structure of the Dashboard.

Things to Do Before You Even Start Creating an Excel Dashboard.

What is an Excel Dashboard and how does it differ from a report?.