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Pareto Analysis
Named after Wilfredo Pareto (18th century Italian
economist/statistician) who discovered the 80 20economist/statistician) who discovered the 80-20
principle.
 20% of the people held 80% of the wealthp p
Focuses our attention on the VITAL FEW issues
that have the greatest impact to avoid spending
th TRIVIAL MANYenergy on the TRIVIAL MANY.
A type of bar graph that displays
information/data in order of significanceinformation/data in order of significance.
A visual aid for defining & prioritizing problems.
© 2011 Karen Martin & Associates 47

Published in: Business
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