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Monday, December 10, 2012
The magical power of the 80/20 rule
EDN: Of all the management tools available to engineers at Touchstone and other companies, the 80/20 rule might be the most powerful. It is so simple and effective, so it continually blows me away how many people are unfamiliar with this powerful concept.
Let’s start with what the 80/20 rule is. The 80/20 rule is a great and simple way to focus your activity on where you can get the greatest leverage for your time. You don’t have to worry all 100 percent, just the 20 percent that represents 80 percent of the output. The rest just doesn’t move the needle, so you don’t need to worry about it.
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