About Pareto Analysis
Pareto Analysis is a technique used for business decision making based on the 80/20 rule. It is a decision-making technique that statistically separates a limited number of input factors as having the greatest impact on an outcome, either desirable or undesirable.
Pareto analysis is based on the idea that 80% of a project's benefit can be achieved by doing 20% of the work or conversely 80% of problems are traced to 20% of the causes.
Why is Pareto Analysis important?
Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It uses the Pareto Principle (also known as the 80/20 rule) the idea that by doing 20% of the work you can generate 80% of the benefit of doing the entire job.
Pareto Analysis is a simple decision-making technique for assessing competing problems and measuring the impact of fixing them. This allows you to focus on solutions that will provide the most benefit.
Who should take the Pareto Analysis Exam?
• Senior professionals
• Business owners and Entrepreneurs
• Industrial Engineers
• Engineers
• Maintenance managers and planning managers
• maintenance engineers
• maintenance planners
• project managers and warehouse managers
• Anyone who wants to assess their Pareto Analysis skills
• Managers and senior executives
• Any professional with skills and knowledge on Pareto Analysis
• Anyone interested in Pareto Analysis
Knowledge and Skills required for the Pareto Analysis
Critical thinking and good communication skills helps candidate to gain quick success for career in Pareto analysis.
Pareto Analysis Practice Exam Objectives
Pareto Analysis exam focuses on assessing your skills and knowledge in concepts and application of Pareto Analysis
Pareto Analysis Practice Exam Pre-requisite
There are no prerequisites for the Pareto Analysis exam.
Pareto Analysis Certification Course Outline
1. Strategic Management
2. Change Management
3. Pareto Analysis Basics
4. Developing Pareto Analysis
5. Pareto Analysis in Industrial Applications
6. Pareto Analysis in Plant Failure Analysis
7. Pareto Analysis in Spare Parts Management
8. Pareto Analysis in Budgeting Control and Maintenance Expenses
Exam Format and Information
Certification name – Pareto Analysis Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199
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