Pareto Principle

Pareto Principle Made Easy

pareto.png

 

The 80/20 Rule means that in any situation, 20 percent of the inputs or activities are responsible for 80 percent of the outcomes or results. In Pareto’s case, it meant 20 percent of the people owned 80 percent of the wealth. (“Pareto’s Principle: How the 80/20 Rule Can Help Improve Performance”, 2017)

In a lecture about leadership, the Pareto principle was taught to help us in planning and improving time management. The way it was taught was through a list of 10 things to do, one must spend 20% of their time finishing 80% of the list and 80% of the time finishing the top 2 hardest parts of the list. My first thought was that this idea would barely suit anything I do or go through and that it wasn’t as accurate as it looks to be however, after reflecting, I came to see how convenient it was to use this principle.

At this moment, I don’t follow this way of working as my procrastination still controls me but, I have made my to-do-list for the next trimester and believe me that’s already an improvement. One main concern I’ve seen all over when I was researching was that people take this principle way too seriously to which they would ONLY focus on the 20% of their agenda which is not what this principle was made for. The 20% of your work or tasks is not the only focus, just the primary focus.

References

Pareto’s Principle: How the 80/20 Rule Can Help Improve Performance. (2017). The Balance. Retrieved 13 December 2017, from https://www.thebalance.com/pareto-s-principle-the-80-20-rule-2275148

Understanding the Pareto Principle (The 80/20 Rule) – BetterExplained. (2017). Betterexplained.com. Retrieved 13 December 2017, from https://betterexplained.com/articles/understanding-the-pareto-principle-the-8020-rule

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s