Assignment Content

1. I JUS NEED SOME HELP IN SETTING UP THE PARETO CHART

Creating benchmarks, especially in an organization committed to continuous quality improvement, ultimately leads managers to explore how to improve some step in a process. Pareto analysis is an analytical tool that employs the Pareto principle and helps in this exploration. Pareto was a 19th-century economist who was a pioneer in applying mathematics to economic theory. His Pareto principle states that 80% of an organization's problems, for example, are caused by 20% of the possible causes: thus the "80/20 Rule." The usual way to display a Pareto analysis is through the construction of a Pareto diagram. A Pareto diagram displays the important causes of variation, as reflected in data collected on the causes of such variation