Last Updated on: 13th November 2023, 09:24 am
Essentially, the 80/20 rule asserts that 80% of outcomes (outputs) come from 20% of causes (inputs). The rule is a heuristic that is used in different contexts depending on the situation.
For instance, in business, it might mean that 80% of sales come from 20% of clients. Similarly, in project management, it might mean that 80% of productivity comes from 20% of activities.