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A Pareto Analysis follows the 80/20 rule and identifies your potential bang for the buck. This analysis separates the Vital Few from the Trivial Many. Pareto is useful at many points in the Improvement or Design process. It is also helpful in scoping projects that are at too high a level for success (e.g., reduce rework) to a more narrow and focused target area based on process data. Often, the Pareto is conducted in multiple layers to support focus and yield results within the expected timeframe.
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Tool Tip - Pareto Analysis |
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Burns Associates |
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Business Process Improvement Specialists |
