Pareto Analysis Masterclass: A Complete Guide to the 80:20 Rule

person icon Packt Publishing

Pareto Analysis Masterclass: A Complete Guide to the 80:20 Rule

Dive into Pareto analysis and learn to identify critical root causes in your business process

updated on icon Updated on Sep, 2023

language icon Language - English

person icon Packt Publishing

architecture icon Business,Operations


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Course Description

This course needs no prior experience; it is for students who are curious to analyze data using Pareto analysis, for business analysts who want to gain mastery over Pareto analysis, for process improvement professionals, and for employees at all levels in any organization.

Pareto analysis has been in existence for over a century but still proves to be an extremely useful tool even today. Pareto analysis is also considered one of the most critical tools and is included in the seven basic tools of quality. Whether you are working in manufacturing or service, the Pareto analysis will help you identify the root causes for any business problem. Pareto analysis can be created in Excel or any spreadsheet that has the ability to produce bar and line charts. This tool, the Pareto analysis, can be used as a standalone tool or you can use it in projects as well.

Having adequate knowledge of the Pareto analysis and understanding it step-by-step will help you recognize the root causes in your production or service processes. As you identify the problems using Pareto analysis, you will be fully equipped to solve them and understand the solutions before implementing them.

This Pareto analysis masterclass is filled with practical knowledge and easy-to-follow steps to guide you in creating your first Pareto analysis. After completing this Pareto analysis masterclass, you will be able to master the ability to look at those vital few root causes that are impacting your business process. Thus, you will be able to build efficiency, improve productivity, reduce idle time, reduce cost, and systematically improve customer satisfaction.

All resources and code files are placed here: https://github.com/PacktPublishing/Pareto-Analysis-Masterclass-Complete-Guide-to-80-20-Rule


What will you learn in this course:

  • Understand and explore Pareto analysis
  • Understand when to use Pareto analysis
  • Learn how to create Pareto analysis using Excel
  • DIY practice examples with data provided
  • Understand what is the 80:20 rule and how to apply it
  • Learn to identify critical root causes in your business process
Pareto Analysis Masterclass: A Complete Guide to the 80:20 Rule


Check out the detailed breakdown of what’s inside the course

What is Pareto Analysis?
2 Lectures
  • play icon Course Introduction 03:42 03:42
  • play icon What is Pareto Analysis? 00:50 00:50
When to use Pareto Analysis
1 Lectures
How to Create Pareto Analysis
6 Lectures
Course Conclusion
1 Lectures

Instructor Details

Packt Publishing

Packt Publishing

Founded in 2004 in Birmingham, UK, Packt's mission is to help the world put software to work in new ways, through the delivery of effective learning and information services to IT professionals.

Working towards that vision, we have published over 6,500 books and videos so far, providing IT professionals with the actionable knowledge they need to get the job done - whether that's specific learning on an emerging technology or optimizing key skills in more established tools.

As part of our mission, we have also awarded over $1,000,000 through our Open Source Project Royalty scheme, helping numerous projects become household names along the way.

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