Pareto Analysis Masterclass: Complete Guide to 80:20 Rule

Are you looking to not just learn but also become an expert in Pareto Analysis?

If your answer is "Yes," this is the course that you are looking for. Pareto Analysis is based on the 80:20 rule that states 80 percent of the problems are due to 20 percent causes. Your job is to identify those 20% causes and eliminate maximum number of problems your organization faces. To do this, you need to have hands-on expertise to use the right tools. And the right tool is: The Pareto Analysis.

Pareto Analysis has been in existence for over a century, but still proves to be an extremely useful tool even today. Pareto Analysis is also considered one of the most critical tools and is included in the Seven Basic Tools of Quality. Whether you are working in manufacturing or service, the Pareto Analysis will help you identify the root-causes for any business problem. Pareto Analysis can be created in Excel or any spreadsheet that has the ability to produce bar and line charts. This tool, the Pareto Analysis, can be used as a standalone tool OR you can use it in projects too.

Because this tool, Pareto Analysis, is simple to use, you can easily get trained on it and you can also train your team members to use it. Most organizations use the Pareto Analysis on a weekly (if not daily) to understand which key metrics are performing well and which are not.

Having adequate knowledge of the Pareto Analysis and understanding it step by step will help you recognize the root-causes in your production or service processes. As you identify the problems using Pareto Analysis, you will be fully equipped to solve them and understand the solutions before implementing them.

This Pareto Analysis Masterclass is filled with practical knowledge and easy to follow steps to guide you in creating your first Pareto Analysis. After completing this Pareto Analysis Masterclass, you will be able to master the ability to look at those vital few root-causes that are impacting your business process. Thus, you will be able to build efficiency, improve productivity, reduce idle time, reduce cost, and systematically improve customer satisfaction.

What will you learn in this course?

• Discuss What is a Pareto Analysis
• Explain the 80:20 Rule and How to Apply It?
• Identify the situations where Pareto Analysis can be applied
• Create Pareto Analysis Using Excel

Course Overview

You will begin this course by understanding what is a pareto Analysis. You will learn when to use a Pareto Analysis and what is the 80:20 rule. You will also learn how to create a Pareto Analysis in Microsoft Excel. You will go through multiple do it yourself examples to create the Pareto Analysis. I have provided several activities to help you understand the topics better. Each activity is supplemented with an activity solution lecture. The course also provides you a ton of pdf resources (almost for every lecture). These resources can be downloaded and will help you review the course content offline.

Instructor Support:

If you have any questions that need to be addressed immediately, please feel free to drop a note to [email protected]. My customer friendly team will be happy to respond as soon as possible.

Expectations from Students:

Candidates going through this course are expected to:

• Go through each lecture as outlined in the course material.
• Complete the activities provided along with the real-life case study. These are self-reflection activities. An activity solution lecture succeeds each activity lecture. Please use these activity solution lectures to validate your activity answers.
• You can use the Q&A Discussion forum to upload your activity solutions. Please be advised that the instructor will not review every activity solution. The discussion forum is for students of this course to connect and discuss the topic with each other. Questions posted on the Q&A Discussion board may or may not be reviewed by the instructor. Thus, if you have any query that needs instructor intervention, it is advisable to send an email to [email protected].

Assessment Details:

• Once you complete all the course lectures, you will receive a Certificate of Completion of this course.
• You may also apply for AIGPE’s official Pareto Analysis Specialist Certification Exam to earn AIGPE’s Pareto Analysis Specialist Certification. The Guidelines to apply for this certification exam and the exam link is provided in one of the last lectures of this course. Kindly be advised that applying and earning this Credential is OPTIONAL and is NOT a mandatory part of course completion.

Who is a Pareto Analysis Practitioner?

• A Pareto Analysis Practitioner is an expert who has hands-on expertise in analyzing data using the Pareto Analysis
• Drives creation and use of Pareto Analysis within the organization
• Is an expert at identifying critical root-causes and then eliminating them
• Is highly visible at all levels in his organization - from grass root to the top management
• Is known for asking the right questions and being an excellent facilitator
• By executing a Pareto Analysis, a Pareto Analysis Specialist saves cost and improves processes
• Also has the ability to coach and train other organization members to create an effective Pareto Analysis

Do You Want to become a Pareto Analysis Practitioner?

You've just stumbled upon the most complete, in-depth online Pareto Analysis Masterclass. This Pareto Analysis Specialization Training provides you a practical perspective to identify the root-causes. It provides you the right level of proficiency that enables you to be a hands-on expert who is capable to drive Pareto Analysis within your organization.

What would you get after taking this course?

1. Become a Pareto Analysis Specialist
2. Become a Problem Solver for your Business
3. Learn to Identify Critical Root-Causes in Your Business Process
4. Drive use of Pareto Analysis within Your Organization
5. Coach Peers, Subordinates and Superiors on Pareto Analysis
6. Learn to Ask Right Questions and Enable the Culture of Process Improvement
7. Deliver Cost Savings by Using and Executing Pareto Analysis
8. Become a pro at answering tough interview questions related to Pareto Analysis
9. Get access to 15 downloadable resources and 3 hours of on-demand video training

What is covered in this Pareto Analysis Masterclass?

1. What is Pareto Analysis?
2. When to use a Pareto Analysis?
3. How to create Pareto Analysis in Excel 2016?
4. Multiple DIY Examples to create Pareto Analysis

The Course is very well structured:

• You become an expert in analyzing data using Pareto Analysis
• There entire course is divided in 3 sections
• Each section is dedicated to a specific Pareto Analysis concept
• These concepts are taught in 10 lectures
• Each lecture covers bite-sized information; easy to grasp and apply
• Each lecture consists of a video screencast
• Each section is well-rounded with:
  • A section objective discussed at the beginning
  • Then the concept is discussed at length
  • Then examples are discussed to review concepts from practical perspective

• There are ample number of activities for each tool taught in this training
• Each DIY activity has a subsequent video lecture discussing the solution for self-evaluation
• There are over 15 downloadable resources which are comprehensive and pertinently cover everything you'll need to become a Pareto Analysis Specialist

***No Prior Experience Needed***

This Pareto Analysis Masterclass assumes that you have no prior process improvement background. With 60 minutes of on-demand video, over 10 lectures, over 15 supplemental resources, this comprehensive tutorial covers everything you’ll ever need to become a successful Pareto Analysis practitioner.

Whether you want to:

• Get freelancing assignments and work from home, setting your own schedule and rates
• Sharpen your process improvement skills to reach the advanced level
• Simply start analyzing data with your first Pareto Analysis

…this complete Pareto Analysis Masterclass is exactly what you need, and more.

What are you waiting for? Enroll Today, Become a Master at using the 80:20 Principle and Start Performing Pareto Analysis!!!