Pareto is a rigorous and disciplined methodology that uses data and statistical analysis to measure and improve a company's operational performance by identifying and eliminating defects in manufacturing and service-related processes.

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Pareto Principle, also known as the 80/20 rule, is a principle that suggests that roughly 80% of effects come from 20% of causes. It is not a methodology but rather a concept used to prioritize efforts, focusing on the most significant factors that cause the majority of problems or results. It does not specifically involve data and statistical analysis to measure and improve operational performance, although it can be used alongside such methods.

Pareto Is a Rigorous and Disciplined Methodology That Uses Data