![]() ![]() You apply a ranking to each problem cause based on the frequency that it occurs. They make the list, and you analyze it to figure out what the root causes are for each of the problems are that they are experiencing, looking for commonalities. ![]() You ask the team members what their main obstacles have been in terms of meeting objectives and expectations. The Pareto Principle, named for Italian economist Vilfredo Pareto, suggests that 80% of problems can be traced to as few as 20% of root causes. This can be valuable, even vital information when you are trying to figure out which of many problems to tackle first, or in a complicated troubleshooting environment.įor example, you have just been asked to lead a struggling project team to get them back on track. By Excel Tips and Tricks from Categories: Charts Tags: Pareto Chart
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