Tracking all the steps of a project is an important task.
It’s as important as the execution of each step.
In fact, tracking makes execution easy.
The basic idea in milestone chart in Excel is to track each step of your project on a timeline with its completion date and present it in a simple way.
In Excel, there no default option to create a milestone chart but we can create it by using a line chart + small customization.
So today in this post, I’d like to share with you a 3 step process to create a milestone chart in Excel. All these steps are in detail and easy to follow.
...so let's get started.
Before we get into it, let me tell you some core benefits of using a milestone chart.
Steps to Create a Milestone Chart in Excel
I have split the entire process into three steps to make it easy for you to understand.
#1. Set Up Data
In this data table, we have three columns.
- The first column is for completion dates of the project stages. And, make sure the format of this column should be text format.
- The second column is for activity name.
- The third column is just for placement of the activities into the timeline (up and down).
#2. Insert a Chart
Now here's the game starts.
Creating a milestone chart is a bit lengthy process but it’s worth for this amazing chart.
...here are the steps.
- Select any of the cells from the data.
- Go to Insert Tab ➜ Charts ➜ Line With Markers.
- We’ll get a chart like this. But, this is not what we want, we have to re-create it.
- So now, right click on the chart and then go to “Select Data”.
- In select data window, just remove series from legend entries.
- Now, our chart is totally blank. So, we have to re-assign series and axis labels.
- Click on “Add” from legend entries.
- In edit series window, enter “Date” in the series name and select activity column for the series values.
- After that, click on edit in “Horizontal Axis Labels” and refer to the date column and click OK.
- Next, we have to insert an another series. Click on “Add” in legend entries and name it “Placement” and refer series values to placement column.
- Now, just click OK.
At this point, we have a chart which looks like a timeline. But we need a small touch of formatting to make it a perfect milestone chart.
3. Final formatting
A small touch of formatting.
Just follow these simple steps.
- Click on the line chart and open formatting option.
- For line, use “No Color”.
- With the same selection, go to Design Tab -> Add Chart Element -> Error Bars -> More Error Bars Options.
- Now, from the formatting options, select direction “Minus” and error value “Percentage: 100%” for error bars.
- After that, convert your line chart into secondary axis and instantly delete the secondary axis.
Now, the last and important thing you have to do, add the activity name for each step.
- First of all, add data labels.
- Now, from data label formatting options, select “Category Name”.
- After that, select your chart and click on “Select Data”.
- Click on “Placement” series.
- From axis label, click on edit and refer to activity column.
- Click OK.
Download this sample file from here to learn more.
As I said, milestone chart is easy to understand for the end user and you can track your project scheduling in a simple way.
It looks a bit tricky when you are making it for the first time but, if you are an emerging project manager then it’s must for you to give it a try.
I hope you found this step by step method helpful but now tell me one thing.
Have you ever tried this chart before?
Share your views in the comment section, I'd love to hear from you and please don’t forget to share it with your friends.