Quality Management 5: Pareto Chart

This chart is used to analyze important factors and prioritize action items. It is a combination of bar and line chart. Bar chart shows the data in descending order of importance and line chart shows cumulative percentage. It is popularly known as the 80:20 rule. We will see three ways of creating this chart using Excel.

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Don’t just make charts the way boss wants. Use Recommended Charts

There are two types of charts. First type is a chart which you create to interpret data more effectively. The second type is more common. These charts are created billions of times everyday – why? Because boss wants it that way!

In this article, I am going to attempt to change the mindset of all users of Charts. Please spend 5 minutes of your time reading this article and trying out a new thought process. I am confident that it will add value to your life.

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Photo credit: Elsie esq. / Foter / CC BY and salendron / Foter / CC BY-NC-SA

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