Definitions for "Pareto Analysis"
A type of prioritizing proposed by Joseph Juran, named for economist/sociologist Wilfredo Pareto.
Analysis of a frequency distribution with a small proportion (say 20%) of the items accounting for a large proportion (say 80%) of the total. Examples may be seen in around 80% of sales of a company being derived from about 20% of its customers, and 80% of the value of its stocks being held in 20% of its items.
a method for separating the most significant causes (the "vital few") from the least significant ones (the "trivial many")
Based on the principle that states 'not all of the causes of a particular phenomenon occur with the same frequency or with the same impact'
Keywords:  stuff, focus, important, rule
80/20 rule - focus on the important stuff....