80/20 Decision Maker is a tool to help select the most cost effective solution to a problem, given there are many possible solutions.
It does this through a 3-step process: #1 Define the problem, #2 Brainstorm possible solutions, #3 Rank solutions on two criteria – ‘how well they solve the problem’ and ‘how easy they are to implement’.
This will identify the practical solution that best solves the problem. The logic is based on the 80/20 Rule, which says the bulk of the solution (80%) will always come from just 20% of the activity. The key is to identify that activity.
- iPod Touch