Use Pareto Charts To Allocate Scarce Resources
Most everyone is familiar with Pareto Charts and how they can be used to help prioritize issues, ideas, and so on. But in addition to helping you prioritize your actions, you can use them with the addition of a ABC Classification to help you allocate limited resources, and become more focused and efficient in your job. Pareto charts were named after the Italian economist, Vilredo Pareto, who...
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