Pareto charts, Project Management

Assignment Help:

Pareto charts

It is a very helpful tool to identify the greatest opportunity for improvement among  various  possibilities  and  to  identify  the  small number  of  most influential causes among the complete set of possible sources of error. A Pareto chart is a bar graph with data in descending order from left to right. The first step is to create a bar graph with defects or error data arranged in descending  order. The  y-axis  of  the  chart  accounts  for  the  number  of defects.

The next step is to add a cumulative percentage scale on the right-hand side of the chart. This second scale along the vertical y-axis mirrors the scale along the left hand side. A line graph that extends over the top of the bar data is the cumulative percentage curve. Plotting of the curve is done as a series of connected points that are obtained by assign the values from left to right and dividing by the total.

In the Pareto charts the left most bar indicates the greatest opportunity for improvement as it represents the source of error responsible for most defects. Pareto charts also helps to identify those few sources of errors that account for most of the defects or errors.

432_pareto chart.png

Figure : Pareto chart


Related Discussions:- Pareto charts

Misconceptions and pitfalls, The followings is a list of some of the comm...

The followings is a list of some of the common misconceptions that should be understood by those claiming to have used quality by design: 1. Quality by design is not simult

Perform a status assessment of the project iteration, Perform a status asse...

Perform a status assessment of the first project iteration (IIP1). DO NOT GENERALISE. Assess each activity separately and specifically against the intended outcome stated in the it

Discuss importance of value management in project life cycle, Question: ...

Question: (a) Past projects have shown that cost escalation is a common phenomenon with respect to the amount by which actual costs increases overrun the initial estimated cos

Linear Programming Problem, Maximize Z= 3x1 + 2X2 Subject to the constraint...

Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0

Effect of the organisational values in individual behavior, The individual ...

The individual is a central feature of organisational behavior and a necessary part of any behavioral situation. According to the study findings, that organisational value has help

Explain the tool of total quality improvement, Question: As the Managin...

Question: As the Managing Director of your organization, you have been analyzing other institutions that you regard as competitors. Extrapolating your current position up to t

Assessing Infrastructure Project-Related Risks, The Three Gorges Dam is pot...

The Three Gorges Dam is potentially one of the largest, if not the largest infrastructure projects completed in the 21st century. Clearly, there were a number of key risks that the

What value does project management add, Q. What value does project manageme...

Q. What value does project management add? This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end

Different stages in the negotiation process, In the face of rising costs, t...

In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget

What are interpersonal skills, Problem 1: How Performance Management wi...

Problem 1: How Performance Management will help in the achievement of organisation success? Problem 2: What are interpersonal skills? Show the importance of interperson

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd