The Pareto Principle, often called “The 80/20 Rule”, means that in anything, the few (20%) is usually responsible for the many (80%).
• In the Business World
80% of a company’s revenue typically comes from 20% of its customers or opportunities
Critical that all our customers see value in what we all do.
• In the Product Development World
80% of product performance, or project success is defined by 20% of the development life-cycle.
Critical that performance information is available at the earliest opportunity.
• In the Computer-Aided Engineering (CAE) World
80% of business value delivered by 20% of analysis resources deployed for simulation.
Critical that simulation resources are used in an optimum way