Chapter 12, Problem 13RQ

Explanation of Solution

Pareto principle:

• The Pareto principle (also known as the 80–20 rule) is a rule of thumb used in business that helps people focus on the vital 20 percent that generate 80 percent of the results.
• This principle means that implementing 20 percent of the system requirements can achieve 80 percent of the desired system benefits.
• An 80–20 option will have a low cost and quick completion schedule relative to other potential options.
• However, this option may not be an ideal solution and may not even be acceptable to the users, stakeholders, and the steering team who may be expecting more...