All you need to do is to enter your data into the table, and the Excel waterfall chart will automatically reflect the changes.Įxcel (2016/Office 365) | Excel (2010-2013) | Smartsheet A Microsoft Excel template is especially convenient if you don’t have a lot of experience making waterfall charts. The easiest way to assemble a waterfall chart in Excel is to use a premade template. This is an important feature of the waterfall chart, as the chart should adjust automatically to show movement across the axis. For example, if you are creating a waterfall chart as a visual for a profit-and-loss statement and the first figure is 1,000 while the second figure is -2,000, part of the floating column will be above the x-axis and part will be below.
Crossover: There are some instances, depending on the values you're plotting in your chart, where the values will move across the x-axis. Color Coding: By assigning specific colors to the different column types, you can quickly tell positive from negative values and provide a quick visual of the movement over time. Although they are not necessary for all waterfall charts, connector lines can be a helpful addition to improve the professional look of your chart. Connector Lines: The connector lines (also known as datum) show the relationships between the floating columns.This area is known as the spacer or padding.
Spacers: Because each of the columns in a waterfall chart don’t begin at zero, they need to be offset by a certain margin. Floating Columns: To quickly provide a visual into the status of a value over time, the floating columns (also known as plot or plotted values) represent the positive and negative changes made to the initial value. However, your final chart will likely include the following features: And the beauty of a waterfall chart is its simplicity of construction, even in analyzing complex information - which means it will likely enjoy heavy use into the future.Įach waterfall chart will have a slightly different appearance, depending on the type of data you choose to visualize. Each step in the waterfall gets you to the final result and demonstrates how you got there. The key feature of a waterfall chart, per Rasiel, is that it shows changes not only over time, but in relation to the previous period or other milestone of measurement. Rasiel made them widely popular in corporate analysis in his 1999 book, The McKinsey Way. Waterfall charts became popular in the late 20th century, when the management consulting organization McKinsey & Company used them in presentations to clients. Some waterfall charts connect the lines between the columns to make the chart look like a bridge, while others leave the columns floating. Within a waterfall chart, the initial and final values are shown as columns with the individual negative and positive adjustments depicted as floating steps. Regardless of the name, this versatile chart is a great way to provide a quick visual into positive and negative changes to a value over a period of time. No-code required.Ī waterfall chart is also known by many other names: waterfall graph, bridge graph, bridge chart, cascade chart, flying bricks chart, Mario chart (due to its resemblance to the video game), and net profit waterfall chart. WorkApps Package your entire business program or project into a WorkApp in minutes. Digital asset management Manage and distribute assets, and see how they perform. 
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