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Learn how to develop a pareto diagram step by step with a practical example.
The pareto diagram, also known as pareto analysis, 80-20 curve or ABC distribution, allows us to prioritize the causes or events around a problematic situation or phenomenon.
Based on the assumption that 80% of the consequences are generated by 20% of the causes, this allows us to separate relevant problems from those that are not important.
The content:
00:14 - What is the Pareto rule?
00:34 - What is the Pareto chart?
00:57 - What is the Pareto analysis useful for?
01:18 - How to make a Pareto chart
02:25 - Pareto diagram example in excel
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