It also has some disadvantages. Most of these disadvantages relate to the understanding, implementation, and expectations surrounding the Pareto distribution.
It's a common misconception that putting in 20% effort is enough to get 80% of the results. But the Pareto law doesn't work that way. The 80-20 ratio doesn't indicate the effort required, only the causes and effects. Therefore, 100% effort is always required to achieve the desired results.
Employees may become focused on the 20% of tasks deemed most essential and lose sight of the bigger picture or other important tasks. However, all tasks must be completed. It can be difficult to balance the top 20% of tasks with the rest. But they are all still important.
According to the Pareto Law, in customer relationship rcs data uae management, 20% of your customers can generate 80% of your revenue. However, providing a superior level of customer service to only 20% of your customers may not be the best strategy for improving customer retention .
Sometimes our understanding of the 80-20 rule is too rigid. Percentages refer to an example where a small part of the cause can lead to most of the results. But that doesn't mean that in some cases it won't be a 90-10 or 60-40 type of distribution.
However, be aware that the Pareto distribution isn't the only technique for prioritizing projects. For example, you can use other models such as the MosCow prioritization method, the Eisenhower matrix, or a GTD (Getting Things Done) model, for example.
While the 20-80 method has many advantages
-
- Posts: 114
- Joined: Tue Jan 07, 2025 5:53 am