Wednesday 11 October 2017

80 20 RULE


Definition:
Pareto priciple aslo known as 80/20 rule.
80% of outcomes can be attributed to 20% of all causes for a given event.


Examples:
80% of a company's revenue is generated by 20% of its total customers.
80% of our complaints come from 20% of our customers. 
80% of our quality issues occur with 20% of our products.