How to Create a Finance Gantt Chart?
Whether you need to observe milestones in a budget development project or take care of employee scheduling in a finance department, the dynamic functionality of the Gantt chart is sure to serve you well. As explained by investopedia.com, a Gantt chart provides a visual representation of the different timelines involved in a project.
Though, if you’re looking to cut down on the time it takes to make your own Gantt chart, then feel free to read our short and easy tips down below!
1. Prepare a Data Table
Before you begin, it’d be wise to go with a processing application that lets you insert a grid table. For some examples, there’s Microsoft Excel and Apple Pages.
There are two main halves of a Gantt chart; the first one to work on is the data table. Open a new document in your chosen software, then add a table with at least 3 columns and however many rows you need for each task (reserve an extra top row for your column labels).
2. Apply Your Data
With the first table now in your document, label the 3 columns by inputting the information in the top row. These columns will serve to contain task names, chore start day, and task scheduling; create your labels in accordance with these. Next, write down the relevant information about each task into one row each, making sure to correspond with the column labels.
3. Add the 2nd Table
After completing the data table, it’s time to move on to the other half of your document--the bar chart. Insert another table and base its size on the data found in your 1st table. The number of columns should correspond to the number of days that start from the beginning of the 1st task’s duration and up until the last day for the final task. Meanwhile, the bar chart should have as many rows as there are tasks in your data table, using the task names to label the new rows.
4. Ready to Count Down
Now that you’ve completed both halves, you can now start measuring each task’s timeline. Within a task’s own row, choose a color to fill in a rightward series of cells that’s as long as the duration of the task (eg, 3 days = 3 cells), while using the start day to pick which cell that the series starts (the first task(s) to start should begin at the leftmost cell in the row).
If you need some nifty financial chart samples for recruitment, development, and more, then you’ll definitely be interested in our Finance Gantt Chart Templates!
Who was the Gantt charts inventor?
Henry Gantt is credited as the creator of the Gantt chart.
What are the fundamental parts of a Gantt chart?
- Task names
- Starting day/date of tasks
- Duration for completing tasks
- Data table
- Bar chart
What is the visual format in a Gantt chart?
A Gantt chart takes advantage of a bar-centric format.
Which industries can a Gantt chart be most useful in?
- Oil and gas
- Product development
- Professional services and consultants
What is the advantage of using a Gantt chart?
With the help of a Gantt chart, you can quickly and easily sort out the various timelines associated with a project’s tasks/activities.