Forums for the Business Analyst

 
  Modern Analyst Forums  Business and Sy...  General  Pareto Principle
Previous Previous
 
Next Next
New Post 6/5/2017 8:14 AM
User is offline Mattokyo88
2 posts
No Ranking


Pareto Principle 

Hi,

New to the forum so apologies if this is not in the right section, I'm looking for help with understanding whether the Pareto  Principle could be used in the following scenario, or, alternatively, if another methodology could be used.

High level, I have a pot of errors produced from submissions from various sources. I noticed that a large number of the errors actually came from the same source. I remembered an 20/80 rule which stated something along the lines of "80% of the errors are produced from 20% of the work". Has anyone ever used this principle before and to what success?

Many thanks

Matt

 

 

 
New Post 6/5/2017 9:42 AM
User is offline Chris Adams
307 posts
5th Level Poster






Re: Pareto Principle 

Matt,

As will all problems you encounter, don't try to apply any tool, technique or principle too rigidly.  Do what works.

The Pareto Principle is value because it's easy to remember and can help you quickly identify where to focus your efforts. But it sounds like you answered your own question.  If 80% of your errors are coming from the same 20% of source, then take a closer look at those 20% of sources.  Obviously if you fix them you will fix a great number of errors.  But keep in mind that the 80-20 rules doesn't tell you anything about the amount of time it will take to fix the source of the problem.  Start with the 20 percent, estimate the fix time of each, prioritize and rank accordingly.


Chris Adams
Core Member – ModernAnalyst.com
LinkedIn Profile
 
New Post 6/30/2017 7:24 AM
User is offline Mattokyo88
2 posts
No Ranking


Re: Pareto Principle 

Excellent, makes perfect sense.

I have taken what you have suggested and already began to implement the change. Delivery time is relatively small so seems a big win already

Appreciate your help

Matt

 
New Post 7/14/2017 4:08 AM
User is offline Kimbo
430 posts
5th Level Poster


Re: Pareto Principle 

I personally dislike the 80/20 rule in that it can be an excuse for mediocrity in a lot of cases. Lets not aim to do the best we can cause we only need to satisfy 80%. if you aim for mediocrity, that's the best you can achieve.

 

Rant over

 

Kimb

 
Previous Previous
 
Next Next
  Modern Analyst Forums  Business and Sy...  General  Pareto Principle

Community Blog - Latest Posts

Limor Wainstein
Limor Wainstein
Business analysts typically gather and interpret data from many areas within an organization, finding solutions to business problems and improving business processes with all that data. A business analyst may measure and improve on such disparate things as warehouse efficiency and cloud software implementation. A marketing analyst, on the other...
2 Responses
EA Learning
EA Learning
My current, favourite question for Executives and Architects is “How do you see Architecture operating in an Agile environment.” This question usually elicits a wry smile and a response along the lines of “I will need to get back to you on that!” Many people are wondering how Architecture will fair in the world of Agile. My ...
0 Responses
Limor Wainstein
Limor Wainstein
The age of cloud computing is now so firmly established that research firm Gartner predicted by 2020, a corporate "no-cloud" policy will be as rare as a "no-internet" policy is today. In the same press release, Gartner went on to predict that spending on compute power sold by cloud providers will exceed that of compute power sold and deployed into ...
0 Responses


Upcoming Live Webinars



Latest Articles

5 Business Analysis Trends to Watch in 2018
Jan 14, 2018
0 Comments
Given the speed of change, it is really tricky to predict what trends will grow in popularity or relevance. I am sure whatever emerges will seem obvio...
Featured Digital Library Resources 
Copyright 2006-2015 by Modern Analyst Media LLC