Color code a symbol in a column

Question:

I have created a stoplight chart. I want to color code an entry that is in a column. I want the color to be red if it is an internal deliverable and blue if it is an external deliverable. Is this possible?

Answer:

Yes. Here is how to do this:

Add a Deliverable Type text column. Enter the deliverable type for each task into that column.
Add a Values column to display the indicators. For Column to Compare, pick the text column you added. See the illustrations below for detailed steps.