Lean Manufacturing Problem Solving Process Excellence

The Pareto Rule and Analysis: Understanding the 80/20 Principle

The Pareto rule, also known as the 80/20 principle, is useful for analyzing and improving a wide range of systems, processes, and products. This principle states that 80% of the effects come from 20% of the causes. This concept can be applied in various areas, including business, finance, and personal life. In business, the Pareto rule is often used to identify the key drivers of revenue, costs, and customer complaints. Organizations can prioritize their efforts…

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Lean Manufacturing Process Excellence

How to prioritize breakdowns for root cause analysis

Choose breakdowns for investigation: Following these steps, you can effectively choose breakdowns for investigation and prioritize your root cause analysis efforts to achieve the greatest impact. It’s important to note that these are just general guidelines, and the specific priorities will depend on your organization’s unique needs and circumstances. Root cause analysis is a systematic process that requires careful investigation and analysis to identify the underlying causes of breakdowns.

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Project Management

8 Key Project Management Skills

Project management is a complex and dynamic field that requires a wide range of skills to be successful. Whether you are managing a large-scale or small-scale initiative, having a set of well-honed project management skills can help ensure its success. Here are eight key project management skills that every project manager should possess: These eight key project management skills can help ensure the success of any project, no matter how big or small. By developing…

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