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PARETO CHART

Pareto Chart - A vertical bar graph showing the bars in order to size from left to right. Pareto charts are expressions of the Pareto Principle. The principle suggests that the significant items in a given group normally constitute a relatively small portion of the total items in the group. Conversely, a majority of the items in the total will, even in aggregate, be relatively minor in significance, (i.e. the 80/20 rule). Pareto charts help us focus on the vital few problems rather than the trivial many.

Learn more about Pareto charts Value Engineering/Value Analysis, Six Sigma Overview and TCA Six Sigma Program.