Tags |
|
|
Write You - The Pareto-Principle and ... Benchmarking
Why Successful Government Contractors Never “Wear Flip-Flops”A photo of Northwestern University's national championship women's lacrosse team, taken during the athletes' recent visit to the White House, shows mo
Imagine having to close a 4.5 million-dollar deal without having to travel. In fact, not only is there no need for you to travel, all the transaction would cost you is a measly $200. Sounds too good to be true? It probably wo
A famous example was “that 20 percent of the people owned 80 percent of the wealth.”
This rule is very powerful because you can use it in many areas. One example is when dealing with projects; you know that 80 percent of the work is caused by the (last) details (20 percent). So in project management it is common practice to uncover risks as soon as possible. The thought behind this is that if you can solve the greatest risks you can solve everything.
Also the argument in favor of standardization is that 20 percent of the details or exceptions cause 80 of your resources. Thus the more you are able to standardize, the more you can benefit from cost savings. This will only be the case if you sell “NO” to your customers, which is something very daring.
The question with, not only, these two cases is one where you may ask: “How do we know whether we have reached the 80 percent level?”
Some projects are “nearly finished” during a long time. “We are nearly there. (that's what you said last month...)” The problem might be in that case that the 80 percent level is not measured.
A benchmark could very well serve to grasp this 80 percent level. For example, if you are to redesign your organization you may go for a best practice. This is a standard that has been in the market. It is not innovative – because previously used -- but it sets a measurable direction. If you choose so, you need to be sure whether this standa
It could be a month old banana with an interesting label, but it’s not. It happens to be the Yellow Pages and it’s actually been around well over 100 years since it started out as a pamphlet of local business listings in Wyom
Also the argument in favor of standardization is that 20 percent of the details or exceptions cause 80 of your resources. Thus the more you are able to standardize, the more you can benefit from cost savings. This will only be the case if you sell “NO” to your customers, which is something very daring.
The question with, not only, these two cases is one where you may ask: “How do we know whether we have reached the 80 percent level?”
Some projects are “nearly finished” during a long time. “We are nearly there. (that's what you said last month...)” The problem might be in that case that the 80 percent level is not measured.
A benchmark could very well serve to grasp this 80 percent level. For example, if you are to redesign your organization you may go for a best practice. This is a standard that has been in the market. It is not innovative – because previously used -- but it sets a measurable direction. If you choose so, you need to be sure whether this stand
The other day I felt fat and flabby. I was having a “fat” day. My stomach felt bigger than normal, and I felt puffy. My legs jiggled and seemed to spread to the corners of the earth when I sat down. I must have eaten too
The question with, not only, these two cases is one where you may ask: “How do we know whether we have reached the 80 percent level?”
Some projects are “nearly finished” during a long time. “We are nearly there. (that's what you said last month...)” The problem might be in that case that the 80 percent level is not measured.
A benchmark could very well serve to grasp this 80 percent level. For example, if you are to redesign your organization you may go for a best practice. This is a standard that has been in the market. It is not innovative – because previously used -- but it sets a measurable direction. If you choose so, you need to be sure whether this stand
S Corporation is an elective provision that permits small business corporations and their shareholders to elect special income tax treatment. In S corporation status, corporate income tax can be avoided and shareholders can c
Some projects are “nearly finished” during a long time. “We are nearly there. (that's what you said last month...)” The problem might be in that case that the 80 percent level is not measured.
A benchmark could very well serve to grasp this 80 percent level. For example, if you are to redesign your organization you may go for a best practice. This is a standard that has been in the market. It is not innovative – because previously used -- but it sets a measurable direction. If you choose so, you need to be sure whether this stand
In every business endeavor advertising plays a big part in gaining clients and making profits out of it. This is the most crucial part of the business because its either you make or break your business.The postcards as
This fit analysis is something you might ask your management advisor to prepare for you. If it is well selected the last 20 percent will finish on time.
© 2006 Hans Bool
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.writeyou.net/article/23348/writeyou-The-ParetoPrinciple-and--Benchmarking.html">The Pareto-Principle and ... Benchmarking</a>
BB link (for phorums):
[url=http://www.writeyou.net/article/23348/writeyou-The-ParetoPrinciple-and--Benchmarking.html]The Pareto-Principle and ... Benchmarking[/url]
Related Articles:
How To Get A Good Job--Without A College Degree
Three Disasters - Three Leaders
Bookmark it:
|