When the graph is the right way to present your FP&A information, several important questions should be asked.
Data visualization – or graphing – is one of the hottest buzzwords in FP&A today… right up there with “big data” and “predictive analytics”. It can certainly be an immensely powerful tool for helping your audience grasp your most important points.
In recent posts we’ve seen how tiny changes in the way we present numbers can have a huge impact on how well the information is understood. In this post, we look instead at how those little things can affect how your integrity or your ethics might be perceived.
Last week I led a workshop on management reporting at the IMA Northern Lights Council’s annual seminar in Minneapolis. While there, I had the opportunity to sit in on several excellent presentations.
At a dinner party last night, one of the guests posed a question: Imagine a roomful of people chosen at random. How many people need to be in the room for there to be at least a 50% probability that at least two of the people have the same birthday?
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In my last article, I listed four questions you should ask yourself, and the order you should ask them in. In this article, we address Question #1: Which is the most effective way to impart your key information?
Of the four essential questions every effective FP&A professional should ask before presenting graphical information, the first three focused on making the information understood. The fourth, and last, question you should ask yourself is different:
When the graph is the right way to present your FP&A information, several important questions should be asked.
Data visualization – or graphing – is one of the hottest buzzwords in FP&A today… right up there with “big data” and “predictive analytics”. It can certainly be an immensely powerful tool for helping your audience grasp your most important points.