Define pareto principle or 80/20 principle.- 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% form the vital part of the project.
What is pareto principle?Pareto Principle is also known as 80/20 principle. It is a management tool to track problem tracking effectively. This principle says that 20% of the problems lead to 80% of other problems. Hence, in order to concentrating on solving 80% of the problems rather, one can concentrate to solve 20 % of the problems which saves lot of troubles. The analysis and concentration is done for only 20% of the vital problems. In a project the vital problems are the first 10% and the last 10% .