Why Most Get the 80/20 Rule Wrong in Software Development
How to apply the Pareto principle! It all started in Italy when Vilfredo Pareto observed that approximately 80% of the land in Italy was owned by 20% of the population. He came up with a principle popularly known as the 80–20 principle that states roughly 80% of consequences come from 20% of causes. The majority of results (80%) come from the minority of causes (20%). Various industries have their own interpretations of this rule: In business, 20% of input results in 80%…