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The Pareto principal reflects that 20 percent of the defects or failures that occur cause 80 percent of the problems.
What is the Pareto Principal ?
The Pareto Principle, also known as the 80/20 Rule, The Law of the Vital Few, and The Principle of Factor Sparsity, states that only 20% of causes account for 80% of effects, meaning that only 20% of your actions and activities will have a significant impact on your results and outcomes.
The Pareto chart, which combines a bar and line chart, serves as a visual depiction of the 80-20 rule.
The relationship between input and output is rarely, if ever, balanced, according to the 80/20 rule. It translates into the workplace as roughly 20% of your efforts yielding 80% of the outcomes.
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