
You may have heard of the 80/20 rule. The idea is that 80% of the wealth is held by 20% of the population. As an Italian economist, Vilfredo Pareto made this observation that became generalized as the
Pareto Principle: 80% of outcomes are due to 20% of causes
For field returns, for example, we may surmise that 80% of the failures are due to 20% of the components, for example. This principle helps us to focus our work to reduce field failures by address the vital few causes that lead to the most, or most expensive, failures. [Read more…]











