Managing limited resources with the Pareto principle

--- image: https://i.imgur.com/QaqMsKd.png tags: productivity, public, template, project title: Managing limited resources with the Pareto principle description: The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the “vital few”). Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity. source: https://we.team/en/blog/blog-post/managing-limited-resources-with-the-pareto-principle disqus: eaposztrof ga: UA-29166711-3 --- ![Pareto principle, 80/20 rule, the law of the vital few, or the principle of factor sparsity.](https://i.imgur.com/QaqMsKd.png "Pareto principle, 80/20 rule, the law of the vital few, or the principle of factor sparsity.") # Managing limited resources with the **Pareto principle**[^3W] [^3W]: The *Pareto principle* states that for many outcomes, roughly **80% of consequences** come from **20% of causes** (the "vital few"). Other names for this principle are the **80/20 rule**, the **law of the vital few**, or the **principle of factor sparsity**. [<sup><i class="fa fa-wikipedia-w"></i></sup>](https://en.wikipedia.org/wiki/Pareto_principle) ## 1. Identify the **tasks** that are really relevant. :::spoiler **Tasks** An important point is **prioritization**: - Which tasks really bring you **closer to your goal**? - To do this, you must first be **completely clear about what your most important goal is**. - Once it has been consciously formulated, you will quickly **recognize which tasks contribute to the result** and which ones are rather time-consuming. ::: ### a.) **Clear goal in short** ### b.) **Most important details about the goal** ### c.) **Prioritized tasks** (time-consuming [0-100] contributive) - [ ] [50] … ## 2. **Focus** and concentrate :::spoiler **Focus** **If you want to get everything done at once, you won't get anything done.** The *Pareto principle* shows that the motto *"a lot helps a lot"* is just not true. In addition to prioritization, **timing is also an essential factor**: Find out at what times you are particularly concentrated and use this time to **devote yourself to the most important tasks** as **undisturbed** as possible and **with full power**. ::: - [x] **timing** as essential factor - [x] **devoted** to the most important tasks - [x] **undisturbed** - [x] with **full power** ## 3. Accept that **resources** are limited :::spoiler **Resources** **With perfectionism and too high demands, we often stand in our own way.** We often have limited resources at our disposal. Instead of trying to make the impossible possible and aiming for the 100 percent, we should better ask ourselves **what is the best possible goal we can achieve with the given resources**. ::: ### a.) Limited resources - [x] … ### b.) Best possible goal With these limited resources… --- :::info :information_source: [Convert this *Note* to easy-to-use *Template* - HackMD](https://hackmd.io/@eaposztrof/Note2Template-guide) :::