Problem 12 - Project Risk, Explain what a Pareto chart

1. Explain what a Pareto chart is - what the related philosophy is - and what they are commonly used for.In the light of the current virus situation, build a Pareto Chart based on the following data relative to medication issues and explain its meaning.

Wrong Patient - 52

Over Dose - 59

Wrong Drug - 76

Unauthorized drug - 1

Wrong IV - 4

Technique Error - 3

Wrong Time - 83

Dose Missed - 92

Under Dose - 7

Duplicated drug - 9

Wrong Route 27

Wrong calculation - 16

n=429

Requirements:

• There is no minimum or maximum required number of pages. Your response will be considered complete, if it addresses each of the components outlined above.
• Use of proper APA formatting and citations - If supporting evidence from outside resources is used those must be properly cited. A minimum of 7 sources (excluding the course textbook) from scholarly articles or business periodicals is required.
• Include your best critical thinking and analysis to arrive at your justification.

Title: Managing Project Risks