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
Lectures -10
Duration -31 mins
30-days Money-Back Guarantee
Get your team access to 10000+ top Tutorials Point courses anytime, anywhere.
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
Goals
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
Curriculum
Check out the detailed breakdown of what’s inside the course
What is Pareto Analysis?
2 Lectures
- Course Introduction 03:42 03:42
- 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
eCourse Certificate
Use your certificate to make a career change or to advance in your current career.
Our students work
with the Best
Related Video Courses
View MoreAnnual Membership
Become a valued member of Tutorials Point and enjoy unlimited access to our vast library of top-rated Video Courses
Subscribe nowOnline Certifications
Master prominent technologies at full length and become a valued certified professional.
Explore Now