Discuss the significance of the 80/20 rule in relation to Pareto Efficiency.
Three Concepts to Make You a Smarter Project Manager
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Business
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12th Grade - University
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Hard
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The video discusses three concepts to enhance project management skills: Pareto Efficiency, preserving optionality, and forcing functions. Pareto Efficiency involves optimal resource allocation without detriment to other areas. Preserving optionality advises delaying decisions until uncertainties are resolved. Forcing functions compel desired actions through design principles like pokyoke. These concepts, when applied together, can significantly improve project outcomes.
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3 mins • 1 pt
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How can forcing functions improve governance in project management?
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What are some common tasks or processes in project management that may benefit from forcing functions?
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