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Business
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Thus, a Pareto chart helps individuals or teams to focus their efforts where they can have the greatest potential impact.
Pareto charts are useful in establishing priorities by showing which are the most critical problems to be tackled or causes to be addressed. Comparing Pareto charts of a given situation over time can also determine whether an implemented solution reduced the relative frequency or cost of that problem or cause...
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Comparing Pareto charts of a given situation over time can also determine whether an implemented solution reduced the relative frequency or cost of that problem or cause. Trends can be observed.
A Pareto Chart is basically a vertical bar graph showing problems in a prioritized order, so it can be determined which problems should be tackled first...
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