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Pareto Analysis

Pareto Analysis is a statistical technique used to select a limited number of tasks that have a significant effect by following the 80/20 rule where 20% of work generates 80% of benefits. It was suggested by Joseph Juran in the 1940s and is based on Pareto's observation that 80% of income went to 20% of the population in Italy.

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38 views1 page

Pareto Analysis

Pareto Analysis is a statistical technique used to select a limited number of tasks that have a significant effect by following the 80/20 rule where 20% of work generates 80% of benefits. It was suggested by Joseph Juran in the 1940s and is based on Pareto's observation that 80% of income went to 20% of the population in Italy.

Uploaded by

joel
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Pareto Analysis is a statistical technique in decision-

making used for the selection of a limited number of


tasks that produce significant overall effect. It uses the
Pareto Principle (also known as the 80/20 rule) the idea
that by doing 20% of the work you can generate 80% of
the benefit of doing the entire job. Take quality
improvement, for example, a vast majority of problems
(80%) are produced by a few key causes (20%). This
technique is also called the vital few and the trivial many.

In the late 1940s Romanian-born American engineer and


management consultant, Joseph M. Juran suggested the
principle and named it after Italian economist Vilfredo
Pareto, who observed that 80% of income in Italy went
to 20% of the population. Pareto later carried out surveys
in some other countries and found to his surprise that a
similar distribution applied.

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