Pareto principle: Difference between revisions
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The Pareto principle (or the 80-20 rule), states that 80% of the value of something is comes only 20% of the effort. Conversely, the remaining 20% of the value is comes from the 80% of the work. The implication is that in situations where [[Perfectionism|perfection]] is not needed, it is better to only do the 20% of the work that gives the 80% value. | |||
Of course, in the areas where the Pareto principle holds true, it is only possible to use effectively if it can be determined what 20% of the work that provides the largest value. | Of course, in the areas where the Pareto principle holds true, it is only possible to use effectively if it can be determined what 20% of the work that provides the largest value. | ||
Latest revision as of 21:09, 9 May 2023
The Pareto principle (or the 80-20 rule), states that 80% of the value of something is comes only 20% of the effort. Conversely, the remaining 20% of the value is comes from the 80% of the work. The implication is that in situations where perfection is not needed, it is better to only do the 20% of the work that gives the 80% value.
Of course, in the areas where the Pareto principle holds true, it is only possible to use effectively if it can be determined what 20% of the work that provides the largest value.