What is another word for PARETO ANALYSIS?
Pronunciation: [paɹˈiːtə͡ʊ ɐnˈaləsˌɪs] (IPA) 
Pareto Analysis is a technique that helps identify the vital few and trivial many, which is also known as the 80/20 rule. Some synonyms for Pareto Analysis include the Pareto principle, the 80/20 rule, the vital few, and the critical few. It is a simple and effective tool for problem-solving, process improvement, and decision-making. The Pareto chart is a graphical representation of the most significant causes of a problem, where the causes are ranked in descending order of frequency. Other synonyms for Pareto Analysis include ABC analysis, stratification, and prioritization. Whatever name it goes by, Pareto Analysis remains an important technique that helps organizations focus their efforts on the most critical areas.
