Why is 20% Controlling 80%?

• Why is 20% Controlling 80%?

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  Author:

  Neal Rowland, MEd, PMP, ITIL - click to view profile

  Description:

  Does it seem like 80% of the things that go wrong are due to 20% of the root causes? Or 20% of the group seems to be doing 80% of the work? In this GoGogh.com Radio Show, Neal L. Rowland, ITIL, PMP examines the Law of the Vital Few, or most commonly referred to as the Pareto Principle. Listen to how this principle can be applied to many areas of your work, life, and play. This is a principle often referred to in IT and project management, but is just as prevalent in Human Resources, Sociology, Economics, Quality, Agriculture, Sales and Marketing, and many others. The same principle that points out that 80% of your web traffic seems to originate from the same 20% of sources is the same principle that Wal-Mart uses to decide which CDs to place on their floors.