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	<title>PMServicesNW &#187; 80/20 analysis</title>
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		<title>Pareto Analysis</title>
		<link>http://www.pmservicesnw.com/2010/11/pareto-analysis/</link>
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		<pubDate>Mon, 15 Nov 2010 16:56:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Quality]]></category>
		<category><![CDATA[Tools]]></category>
		<category><![CDATA[80/20 analysis]]></category>
		<category><![CDATA[80/20 rule]]></category>
		<category><![CDATA[decision tools]]></category>
		<category><![CDATA[pareto anlysis]]></category>
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		<description><![CDATA[By: Ray Myers, Jr., PMP Pareto Analysis is a statistical technique that is used to focus attention to the vital few factors that are responsible for producing most of the problems in a project.  You’ve heard it said that 20% of the causes are responsible for 80% of the effort to resolve the problems.  What if we could identify the 20% of the issues that cause the most problems?  How would that benefit your project?  Well, the Pareto Analysis will help you do just that. The Pareto Analysis is a methodology that enables the project manger to focus and correct those problems that will increase the probability of delivering a successful project.  The project manager should do the Pareto Analysis when problems arise to help focus the project team’s efforts on the key cause(s) of a problem. The Pareto Analysis is best performed after conduction a cause-and-effect analysis to count the frequency of different causal factors and to identify problems.  The result will be identification of the 20% of the factors that when resolved, will generate 80% of the advantage.  The goal is to identify which 20% of the factors will provide the greatest advantage when addressed. How to Conduct [...]]]></description>
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		<title>The Pareto Principle (Pareto&#8217;s Law)</title>
		<link>http://www.pmservicesnw.com/2010/10/the-pareto-principle-paretos-law/</link>
		<comments>http://www.pmservicesnw.com/2010/10/the-pareto-principle-paretos-law/#comments</comments>
		<pubDate>Sat, 16 Oct 2010 08:50:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Project Management]]></category>
		<category><![CDATA[80/20 analysis]]></category>
		<category><![CDATA[80/20 rule]]></category>
		<category><![CDATA[Pareto's Law]]></category>
		<category><![CDATA[The Pareto Principle]]></category>

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		<description><![CDATA[Known by various names, including The Pareto Principle, The Pareto Law, Pareto&#8217;s Law, The 80/20 Rule, The 80:20 Rule, Pareto Theory, The Principle of Least Effort (a term coined by George Zipf in 1949 based on Pareto&#8217;s theory), The Principle of Imbalance, The 80-20 Principle, The Rule of the Vital Few (an interpretation developed by Joseph Juran in the field of quality management) and other combinations of these expressions. The Pareto 80/20 Rule is commonly used (and ignored at considerable cost) in many aspects of organizational and business management. It is helpful in specialised quality management such as six sigma, planning, decision-making, and general performance management. The principle is extremely helpful in bringing swift and easy clarity to complex situations and problems, especially when deciding where to focus effort and resources. The Pareto Principle (at a simple level) suggests that where two related data sets or groups exist (typically cause and effect, or input and output): &#8220;80 percent of output is produced by 20 percent of input.&#8221; or alternatively &#8220;80 percent of outcomes are from 20 percent of causes&#8221; or alternatively &#8220;80 percent of contribution comes from 20 percent of the potential contribution available&#8221; There is no definitive Pareto &#8216;quote&#8217; [...]]]></description>
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