A bullet chart packs a measure, a target, and qualitative ranges into a compact bar - a space-saving way to show whether a KPI is on track.
When you need to show performance against a target in little space - a KPI on a dashboard, where a full gauge would be too big - with bands for poor, okay, and good.
A measured value, a target to compare against, and optional range thresholds that shade the background.
A bullet chart carries the same information as a gauge in a fraction of the space, which makes it better when you have many KPIs to line up.
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