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The Pareto Chart is a common tool used in problem analysis to establish priorities by differentiating the categories or causes of a problem into the "vital few" and the "trivial many". The Pareto Chart shows the relative importance of a set of measurements, and thus provides a prioritization tool so that process improvement activities can be organized to "get the most bang for the buck". It is also an excellent visual tool to show the relative change of a performance metric before and after process improvement.
This guide explains the purpose, benefits and how to apply the "80/20 rule" or Pareto Principle to your daily work on the things that matter.
To construct a Pareto Chart, simply make use of the Excel template (secondary document). Just enter your data into the GREEN areas and the Pareto Chart is automatically generated. Change the color, font type, etc. the way you like it and you are ready to copy and paste into your presentation or report.
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Source: Best Practices in Pareto Principle PowerPoint Slides: Pareto Chart PowerPoint (PPTX) Presentation, Operational Excellence Consulting
ABOUT THE AUTHOR: OPERATIONAL EXCELLENCE CONSULTING
Operational Excellence Consulting is a leading management training and consulting firm dedicated to helping individuals and organizations improve their effectiveness and productivity in the post-pandemic new normal. Our mission is to drive lasting beneficial change by leveraging design thinking and lean management approaches.
We work with a diverse range of clients, including government bodies, multinational corporations, and small and medium-sized enterprises, across a wide spectrum of industries.
Our firm offers a comprehensive suite of capabilities, including Design Thinking, Customer Experience Management, Business Model Innovation, Lean Process Redesign, Total Quality Management (TQM), Total Productive Maintenance (TPM), Kaizen, Value Stream Improvement, Hoshin Kanri (Policy Deployment), Problem Solving Techniques & Tools (e.g. PDCA, 8D, A3, etc.), Training Within Industry (TWI), Suggestion System and Benchmarking.
To ensure the widespread adoption of operational excellence techniques and tools, we pride ourselves on developing high-quality, customizable training materials, presentations, frameworks, and templates to complement your training and business needs.
Operational Excellence Consulting has published 204 additional documents on Flevy.
This business document is categorized under the function(s): Operations Strategy, Marketing, & Sales
It applies to All Industries
File Type: PowerPoint (pptx)
File Size: 586.5 KB
Number of Slides: 18 (includes cover, transition, & marketing slides)
Related Topic(s): Pareto Principle
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
This product contains a supplemental XLSX document.
Terms of usage (for all documents from Operational Excellence Consulting)
Initial upload date (first version): Apr 14, 2014
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