Pareto priority index
Nowadays, Pareto priority index has become a topic of general interest in society. People are increasingly interested in learning more about Pareto priority index and how it affects their daily lives. With the advancement of technology and globalization, Pareto priority index has become more relevant in different areas, from politics to the economy, including culture and society in general. In this article, we will explore the different aspects related to Pareto priority index, analyzing its implications and consequences in our daily lives.
 | This article needs additional citations for verification. (September 2015) |
The Pareto priority index (PPI)[1] is an index used to prioritize several (quality improvement) projects. It is named for its connection with the Pareto principle named after the economist Vilfredo Pareto. It is especially used in the surroundings of Six Sigma projects. It was first established by AT&T.[citation needed] The PPI is calculated as follows:
A high PPI suggests a high project priority.
References
- ^ Gryna, Frank M. (2001). Quality planning and analysis : from product development through use (4. ed.). Boston, Mass. : McGraw-Hill. p. 61. ISBN 978-0070393684.