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1. What is another way of stating the Pareto principle?
Measure twice, cut once
80 / 20 rule
Work smarter not harder
2. On a Lean Six Sigma project, when would you apply the Pareto Principle?
When preparing your presentation for a phase review
When deciding whether a set of data is normally distributed
Whenever you wanted to prioritize between items in a set and you had a measured attribute for each of the items
3. What Lean Six Sigma tool or technique can stakeholders use to prioritize which business process should be selected for analysis using the Lean Six Sigma methodology?
Net Present Value
The Pareto principle
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