the Pareto principle betydelse and definition

Betydelse av the Pareto principle på svenska

• 0 the idea that a small quantity of work or resources (= time, money, employees, etc.) can produce a large number of results:

  • The Pareto principle, when applied to time, states that 20% of your time determines 80% of your production.

  • The Pareto principle can be applied to quality improvement, as the majority of problems (80%) are produced by a few key causes (20%).