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A statistical technique for making decisions which is used for selecting a limited number of tasks which produce significant overall effect. Pareto Analysis uses the ‘Pareto Principle’ – an idea by which 80% of doing the entire job is generated by doing 20% of the work.

When many possible courses of actions are completing the attention, the technique ‘Pareto Analysis’ is useful. In essence, the delivered benefit by each action is estimated by problem-solver, and selects the number of most effective actions which delivers the total benefit.