Data Analysis - Pareto Chart - Why focus on the trivial many when we can grab the vital few

This short course on Pareto charts can help individuals or teams understand how to create and use Pareto charts for prioritizing problems or issues based on their importance or impact. A Pareto chart is a graphical tool used in quality management and problem-solving to focus efforts on the most significant factors.

Riaan Du Plooy | Author Level 5

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What you will learn

  • Pareto Chart

  • What is a Pareto chart?

  • Creating a Pareto Chart

  • Using Pareto Charts in Problem Solving

  • 80:20 Rule

  • When and why to use Pareto charts.

  • Interpreting a Pareto Chart

  • Real-World Applications

Course Content:

Introduction to Pareto Charts:
What is a Pareto chart?

The history and significance of the Pareto principle (80/20 rule).
When and why to use Pareto charts.

Data Collection and Preparation
Identifying the problem or issue to be addressed.
Gathering relevant data.
Organizing and categorizing data.
Creating a Pareto Chart

Steps to construct a Pareto chart.
Choosing appropriate categories and criteria for analysis.
Constructing the chart (e.g., using software or Excel).

Interpreting a Pareto Chart
Analyzing the Pareto chart to identify the most significant factors.
Understanding the importance of the cumulative percentage.
Recognizing the vital few versus the trivial many.

Participants work with sample data to create and interpret Pareto charts.
Discussing practical examples and insights.
Using Pareto Charts in Problem Solving

How Pareto charts aid in decision-making and prioritization.
Developing action plans based on Pareto chart findings.
Monitoring and evaluating the impact of implemented changes.

Real-World Applications

Common Mistakes and Pitfalls
Identifying and avoiding errors in Pareto chart construction and interpretation.
Tips for effective use.

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Meet Your Instructor

Instructor
4.6 Rating
149 Students
Author Level 5
121 Courses
About Instructor

Riaan is a dynamic leader, coach, facilitator, Lean Six Sigma Master Black Belt with over 20 years of hands-on experience driving business results. Riaan is highly skilled and has worked across diverse industries internationally. With a degree in Chemical Engineering, Riaan started in the major breweries and bakeries in South Africa and was so dedicated to his work that he was often known to take his work home with him.

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$ 15.00 $ 25.00

40.00% off
  • Course Duration
    10 min 0 sec
  • Course Level
    Intermediate
  • Student Enrolled
    0
  • Language
    English
This Course Includes
  • 10 min 0 sec Video Lectures
  • 0 Quizzes
  • 0 Assignments
  • 0 Downloadable Resources
  • 365 days after the enrollment
  • Certificate of Completion