PRINCIPLES OF INFO.SYS.(LL)>CUSTOM PKG<
PRINCIPLES OF INFO.SYS.(LL)>CUSTOM PKG<
12th Edition
ISBN: 9781337074674
Author: STAIR
Publisher: CENGAGE C
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Chapter 12, Problem 13RQ

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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...

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