Global companies like Apple or Google can utilize waterfall charts in their budget planning to highlight deviations by using them to understand the total impact of the difference between the budget and the actual spending, also known as variance analysis. This method presents results in an orderly way and emphasizes deviations. The focus on variance is what sets waterfall charts apart from typical bar charts. The columns in the chart can be color-coded so users can easily distinguish priority or risk levels for each category.
How do you grow your business with informed decisions? Budget planning is a powerful tool to manage...
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