Definition
Technique for the classification and evaluation of circumstances (data, objects) in which a quantity of objects or data is classified in descending order of importance as classes A (very important), B important (significant) and C less important. The technique is versatile, e.g. for decision-making, for the evaluation of work analyses, for weighting of results, for forming rankings.
It illustrates contexts and supports the determination of focal points. The primary objective is to form Quantity-Value-Ratios by relating influencing variables to each other such as “frequency of errors according to their cause” and the “subsequently occurred costs”, the “number of purchased parts per supplier” and “the share of these parts in the product or scope of delivery”.