Pareto Principle

Instructor: Michael Abitz
Product ID: 706139
Training Level: Basic
  • Duration: 60 Min
Join this webinar to learn how to perform a Severity, Frequency Cost Benefit Analysis to determine if a bar other than the tallest is addressed first. Selecting the wrong bar (problem) may cause an organization loss of revenue, accident or possibly serious injury.
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Why Should You Attend:

The Pareto Chart is a series of bars whose heights reflect the frequency or impact of problems. On the Chart, bars are arranged in descending order of height from left to right, which means the categories represented by the tall bars on the left are relatively more frequent than those on the right.

We are usually taught to address the tallest bar and progress down thru the lower bars; however, this may not be a wise method. In this webinar, you will be trained on how to perform a Severity, Frequency Cost Benefit Analysis to determine if a bar other than the tallest is addressed first. Selecting the wrong bar (problem) may cause an organization loss of revenue, accident or possibly serious injury.

Areas Covered in the Webinar:

The Webinar will discuss the following topics:

  1. Project Cost Justification: What is Your Organization’s Sigma Level
  2. Improvement Team Selection
  3. How to Collect Process Information Without Bias
  4. Pareto Principle
  5. Cost Benefit Analysis
  6. Identify Process Root Causes with Reality Charting
  7. The Model for Improvement
  8. Results

Who Will Benefit:

  • Managers
  • Engineers
  • Technicians
  • Individual Contributors
Instructor Profile:
Michael Abitz

Michael Abitz
Adjunct Professor, Colorado Technical University

Dr. Michael Abitz is an Adjunct Professor at New Mexico Jr. College, Hobbs, NM. He received his Doctorate in Management from Colorado Technical University and Master of Science in Quality Assurance from California State University. He is a certified Six Sigma Quality Black Belt.

His areas of interest include teaching online; providing training to pacific rim suppliers in accelerated life testing of communications, computer and digital storage products; mentoring organizations in problem solving and process improvement; and to date cost savings include $15.6M in addition to $14M in sales.

Dr. Abitz's experiences include: aerospace and computer industries where he developed and presented training in: Organizational Process Improvement, Six Sigma (35 classes) and Root Cause Failure Analysis to U.S. companies and Pacific Rim suppliers.

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