80/20 Principle as One of the Most Effective Ways to
Increase Your Productivity is a guest post by Samantha R. Gilbert
In 1895, Vilfredo Pareto, the Italian economist, became aware that people could be divided into two groups. The first one was the “vital few” that made up the top 20% regarding influence and money, and the second referred to the “trivial many” that made up the bottom 80% of the population. Then, he realized that all economic management reflected this principle, that 20% of the population controlled 80% of the Italian capital in that period. Pareto asserted that this principle could be implemented everywhere. Practically, the rule suggests that 20% of your activities will account for 80% of your outcomes. Therefore, this means you can apply this rule to enhance your productivity and achieve your goals in less time. Just follow these five steps and learn how to apply the 80/20 principle in your life.
In episode 055 of The Civil Engineering Podcast, I talk with Kevin O’Beirne, P.E. about working with changes, claims, and disputes on construction projects. O’Beirne gives some excellent tips in the this episode which will help engineers to acquire a greater success rate with regards to construction projects.