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What is "Pareto Analysis" in Business Management perspective? How could we use the concept to solve Business Management problems?

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Question added by Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd
Date Posted: 2016/03/06
Omar Saad Ibrahem Alhamadani
by Omar Saad Ibrahem Alhamadani , Snr. HR & Finance Officer , Sarri Zawetta Company

Thanks

Pareto analysis :is a creative way of looking at causes of problems because it helps stimulate thinking and organize thoughts. However, it can be limited by its exclusion of possibly important problems which may be small initially, but which grow with time

  • Risks Management : can use it as a proactive step to study the possible risks.
  • Prioritize Risks, Tasks, Causes.
  • Scheduling the reasons of risks and failure.

the above steps , can help managers to solve and \\or but some pre- solutions , take in consideration that this kind of analysis based on statistical method and use curves and numbers to reach the perfect results. 

Sidrah Nadeem
by Sidrah Nadeem , Global Marketing Manager , Hill & Knowlton

I agree with the contribution by Mr. Omar Saad Ibrahem!

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

agree with answer given by mr. Omar Saad Ibrahem 

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