Online Training – Pareto Analysis

DESCRIPTION

Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. This course will teach you the core concepts of Pareto Analysis.

PURPOSE

By the end of the course you will be able to:

• Describe the history of Pareto Analysis,
• Explain what is the Pareto Principle,
• Explain vital few and trivial many principle,
• List the uses of Pareto Principle,
• List the applications of Pareto Analysis,
• Explain Pareto Charts,
• List the uses of Pareto Analysis,
• Explain the process of Pareto Analysis,
• Explain when to use a Pareto Chart,
• Explain the Phases of Pareto Analysis,
• Explain Pareto Frequency Diagram and explain the steps for Boosting Productivity.

OUTLINE

• Definition Pareto Analysis
• History of Pareto Analysis
• How to do a Pareto Analysis: Identify & List Problems, Identify the Root Cause of each Problem, Score Problem, Group Problem Together by Root Cause, add up the score for each Group, Take Action
• What is the Pareto Principle
• Uses of Pareto Principle
• Vital Few and Trivial Many Principle
• Applications of Pareto Analysis
• Explain Pareto Charts
• Process of Pareto Analysis
• to Use a Pareto Chart
• Phases of Pareto Analysis
• Pareto Frequency Diagram
• Steps for Boosting Productivity

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