Pareto Principle 101
The 80:20 ratio sounds so simple – until you dig just a bit deeper. Its genius lies in its applicability to a vast number of project management situations. Even beyond the realm of this professional use, there are ample opportunities to make good use of the tenets embraced here. Test your knowledge and understanding about the ins and outs of Pareto’s wisdom.
Pareto Principle: The Quiz
Opps, Quiz engine needs updating…
References
- OregonStateUniversity; http://owic.oregonstate.edu/pubs/EM8771.pdf
- British Food Journal; http://www.emeraldinsight.com/journals.htm?issn=0007-070x&volume=113&issue=5&articleid=1912049&show=abstract
- American Society for Quality; http://asq.org/learn-about-quality/seven-basic-quality-tools/overview/overview.html
- Photo Credit: “Vilfredo Pareto” by Kelson/Wikimedia Commons via public domain license