Thursday, July 15, 2010

Pareto 80:20 rule




According to the Pareto Principle 80% of the effects of a situation come from 20% of its causes. It is also known as the 80:20 rule. Many have experienced it in the real life. In other words, an individual who carries out certain activities, (20%) accounts for a majority of the individual's happiness and output (80%).


Have you ever applied this rule, professionally or personally? How successful were you in applying this rule?


In my opinion, one should strive to strengthen 100 % of the activities, only then it will be possible to maximise output from the 20 %.

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Independent Professional: Experienced educator and management consultant for engineering educational institutions, researcher, trainer, technical consultant on sustainable technologies, related to cement manufacturing and characterisation, using industrial and agricultural wastes in cement and concrete, durability of concrete and fuel cell power.