Thursday, 26 February 2015

Pareto


The Pareto Analysis is a quality tool that helps you to solve the most vital problems in your work environment.  It can be used in a technical sense to try and improve a process by eliminating defects.  It can be used in a human resources sense to try and find the biggest time-wasters in any given work environment.  It can be used in brainstorming sessions to find out what the biggest obstacle to reaching a goal may be.  In fact, the uses to this tool are almost limitless.  The Pareto Analysis is based on a principle put forth by Italian economist Vilifredo Pareto, who was born in 1848 and began an academic career in 1893, which lasted until he died in 1923.

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