Q. Statistical Decision Making includes Pareto Analysis as a means of reducing errors in the total project process. Pareto Analysis ______________. (Solved)
1. is a method of rejecting errors or variances from standards following selfinspection
2. is a procedure for ranking the errors to identify those contributing the most to failures [PMBOK p. B-2]
3. counts errors or failures to determine the added cost of all operations that do not meet the requirements
4. compares the error rate with the pass rate to determine the allowable number of errors per 1,000
- b. is a procedure for ranking the errors to identify those contributing the most to failures [PMBOK p. B-2]