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The Pareto Priority Index or PPI is a method of performing a cost to benefit analysis. It is used in quantifying potential projects. The analysis weighs the savings and probability of success against the cost and time of completion. It is important to keep in mind that unless historical data is gathered and used the index is largely qualitative and often includes no customer input. When prioritizing your project options it is a good idea to take into consideration customer surveys and other qualitative means before final project selections are made.
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