Are you spending all your resources and time without much improvements? Are you having trouble focussing on the key causes that are affecting most? Do you know which are those key causes? Do you need to know the “Vital Few” from the “Trivial Many” so that you can focus better? Are you looking for the biggest bang for your bucks?
Then, ParetoPlot may be your answer.
ParetoPlot is a Six SIgma tool based on the Pareto Principle, named after Vilfred Pareto, also known as the 80-20 rule. It states that 80% of the effects, for many events, come from 20% of causes.
When you are able to identify those 20% of the vital causes for your customer complaints, product defects, process errors, supplier issues, or client needs, you will be able to better focus your efforts, your scarce resources, your own money and time, for much better and effective outcomes. When you are able to visually show those top causes of your concern, you will be able to communicate and influence better with all those key stake holders.
ParetoPlot is a simple yet powerful tool for decision making when identifying your top: revenue generating customers, performance metrics, investment choices, trade skills, or personal development options. Create groups and subgroups, you are on to the some of the most impacting causes of your strategic needs.
Use ParetoPlot to increase your efficiency and productivity.