Sankey charts are a powerful visual tool that helps to represent the flow of resources and processes in a clear and intuitive way. They are commonly used in project management, finance, and other fields where resource allocation and process flow are critical. In this guide, we will explore how to create Sankey charts, as well as the various applications and benefits of using this type of chart.
What is a Sankey Chart?
A Sankey chart is a type of flowchart that is used to represent the flow of resources or substances from one process to another. The chart is named after the Nobel Prize winner Rudolph A. Sankey, who developed the technique in the early 20th century. Sankey charts are particularly useful for visualizing complex processes and identifying areas where improvements can be made.
Features of Sankey Charts
Sankey charts have several key features that make them a powerful visual tool for process flow and resource allocation:
Flow arrows
Flow arrows are used to represent the flow of resources or substances from one process to another. These arrows are typically directed from the input process to the output process, with the amount of flow represented by the thickness of the arrow.
Resource allocation
Sankey charts can be used to represent the allocation of resources between different processes. This can be done by assigning different colors or symbols to the different resources, and labeling each process to show how resources are allocated.
Net flow
Sankey charts can also be used to show the net flow of resources or substances from one process to another. This is computed by subtracting the resource input from the resource output, and represents the final flow of the resource in the system.
Creating a Sankey Chart
Sankey charts can be created using a variety of software tools, including:
Microsoft Excel
Excel has a built-in Sankey chart creator that can be used to create simple Sankey charts. To use this tool, select the data that you want to use in the chart, then go to the “Insert” tab and click on “Sankey chart”. Excel will create a Sankey chart based on the data you have selected.
Lucidchart
Lucidchart is a web-based diagramming tool that allows you to create Sankey charts using a variety of templates and shapes. To create a Sankey chart in Lucidchart, go to the “Chart types” drop-down menu and select “Sankey Chart”. You can then customize the chart to your needs by adding flow arrows, resources, and other details.
Applications of Sankey Charts
Sankey charts are a powerful tool that can be used to represent a wide range of processes and resource flows. Some common applications of Sankey charts include:
Project management
Sankey charts can be used to visualize the flow of resources and tasks in a project. This can help project managers to identify bottlenecks and optimize the schedule for the project.
Business process analysis
Sankey charts can be used to analyze business processes and identify areas where improvements can be made. This can help organizations to streamline their operations and reduce costs.
Financial analysis
Sankey charts can be used to represent the flow of resources or assets in a financial system. This can help analysts to identify areas where resources are being overused or underused, and to optimize the allocation of resources.
In conclusion, Sankey charts are a powerful visual tool that can be used to represent the flow of resources and processes in a clear and intuitive way. They are commonly used in project management, finance, and other fields where resource allocation and process flow are critical. By understanding the key features of Sankey charts and how to create and apply them, you can unlock the potential of this powerful tool.
SankeyMaster
SankeyMaster is your go-to tool for creating complex Sankey charts . Easily enter data and create Sankey charts that accurately reveal intricate data relationships.
