Define Pareto Principle Or 80/20 Principle?

1.	Define Pareto Principle Or 80/20 Principle?
Answer» It is one way of tackling PROBLEM in management. It says 20% of the PROBLEMS lead to other 80% of the problems. According to this PRINCIPLE, we should focus on 20% of the problem. In any software project FIRST 10% and last 10% from the vital part of the project. It is one way of tackling problem in management. It says 20% of the problems lead to other 80% of the problems. According to this principle, we should focus on 20% of the problem. In any software project first 10% and last 10% from the vital part of the project.

Answer»

It is one way of tackling PROBLEM in management. It says 20% of the PROBLEMS lead to other 80% of the problems. According to this PRINCIPLE, we should focus on 20% of the problem. In any software project FIRST 10% and last 10% from the vital part of the project.

It is one way of tackling problem in management. It says 20% of the problems lead to other 80% of the problems. According to this principle, we should focus on 20% of the problem. In any software project first 10% and last 10% from the vital part of the project.

Discussion

No Comment Found

Related InterviewSolutions

What Is A Risk In The Context Of Project Management?
How To Identify Project Risks?
What Are The Benefits Of Risk Management In The Context Of Project Management?
Is It Still Worthwhile To Do Risk Management When A Project Is Half Over?
When Is A Project Risk No Longer A Risk?
What Is The Difference Between A Risk And An Issue In The Context Of Project Management?
What Is A Gantt Chart?
What Is Critical Path?
What Is A Work Breakdown Structure (wbs)?
What Should The Project Manager Look For In A Scheduling System?