Risk Management

      Methods and Tools

BAR GRAPH

What Is It

Bar graphs graphically represent data for comparison to other data or other categories of data using bars. The measure of data are depicted by a bar length. In risk management, a bar can be used, for example, to graphically represent categories of risks and number of risks in a category.

When To Use

Use to graphically represent measure of items in relation to others.

Benefits

  • Differences or similarities between measures of items are emphasized graphically for easy interpretation.
  • Provides an easy reference or summary of data without lengthy paragraphs.
  • Using different colors, graphs accent reports and presentations.