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The Pareto Principle          

This principle states that:

 

·         There are a significant few activities from which we gain most value and results

·         There are a trivial many activities from which we gain very little value or results

 

The significant few make up 20% of our activities.

The trivial many make up 80% of our activities.

 

Rigorously applying this principle to our work makes us think very carefully about what activities really matter. Having identified the significant 20% of activities we can then focus our efforts upon them and gain improved value and results.

 

The Pareto Principle also applies to time spent on each activity:

·         Sometimes 80% of the value and results gained from an activity occur in the first 20% of time spent on it.

·         Sometimes 80% of the value and results gained from an activity occur in the last 20% of time spent on it.

 

When do you gain most value from your tasks?

·         The first 20% of time spent on them?

·         The last 20% of time spent on them?

Or is most value gained from the middle 20%?

To see the Tallis Training 'Spending Time Effectively At Work' programme click Here.

 

 

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Last modified: July 26, 2010
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