Everyone wants to master their time management skills. After all, this

is one of the few things that will keep project managers and their

teams on top of their game. Unfortunately, many feel time-poor – too

many things to do and not enough time to complete them.



When it comes to time management, we want a simple formula that will

lead us to success while helping us prioritize our time. A couple of

well-known time management principles established themselves over

time.



In this article, we will discuss the Pareto principle because it might

be the answer to all your questions about the Pareto principle.



WHAT'S THE 80/20 RULE?



In time management, 80% of results come from 20% of the effort.



Vilfredo Pareto, an Italian economist, first discovered the 80/20 rule

(Pareto principle) in 1906. He noticed a strange thing about pea pods

in his garden; 80% of them were produced by 20% of the pea pods. Based

on this implication, Pareto also concluded that 20% of the Italian

population owned 80 ...