Pareto Chart originated in 1897 by an Italian economist named Vilfredo Pareto
He told that in Italy 80% of wealth is with 20% of rich people.
80/20 Rule:. 80 percent of the effects come from 20 percent of the causes
In terms of BPO: Our 80% dent is because of 20% of causes in process, if we work on that 20% automatically there will be process improvement.
In real life, 80% of the problem is because 20% of causes.
What is Pareto analysis?
what is the 80 20 rule?
what is the Pareto principle?
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80/20 rule
80-20 rule
Pareto Analysis in excel
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Pareto Chart with example
Pareto Analysis with example
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