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Divide the budget variance by the total budget to calculate the percentage amount over or under budget, as pictured in column E above. Start by converting your variance data to percentage calculations to better fit your bull's-eye chart, as follows. (The menu options cited below apply specifically to Excel 2016 while this chart can also be created in Excel 2013, 2010, and 2007, the menu options may be slightly different.)ġ. Excel does not offer a bull's- eye chart, but with a little trickery you can coax Excel into producing a reasonable facsimile by creating an Excel Scatter Chart (aka an XY chart) with data plotted to create a series of concentric circles, as follows. To better analyze and present these metrics, I'd like to plot them on a bull's- eye chart in Excel. Obviously, underestimating is a problem, but over- estimating is also a problem that leads to overbidding jobs, resulting in rejected job bids. As a conclusion to each project, we evaluate our project time and cost estimates for accuracy.
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