Pareto Analysis is a statistical technique used to identify major contributing factors to a situation. The Analysis is based on the Pareto Principle, which is also known as the 80/20 rule, or the idea that the vast majority of problems are in fact caused by a few key factors.
Watch the video below to see how using The Pareto Report in Agility helps you to quickly and easily identify your Top 10 worst performing assets by many different variables. The Pareto report will highlight your poor performing assets and show you what is causing your downtime, draining budget and your team’s valuable time. You can identify what’s causing your problems and fix them fast.
Reports in Agility can be run over different time periods so you can build up a real-time picture, understand past performance and project what the future may look like. You can plan your repair or replace strategies, maximising your ROI.