In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country. His conclusion,.... 20% of the population owned 80% of the wealth in his country....

The 80/20 Rule means that in anything a few (20 percent) are vital and many(80 percent) are trivial. In Pareto's case it meant 20 percent of the people owned 80 percent of the wealth....(I wonder if this is the case in pnG....lol)

Project Managers know that 20 percent of the work (the first 10 percent and the last 10 percent) consume 80 percent of your time and resources....

In a very large processing plant, careful analysis of 'RELIABLE' data would indicate to you that....20% of the equipment in the plant is responsible for 80% of the plant breakdowns resulting in loss revenue.... in this scenario, say a big copper & gold producing plant up in the star mountains..hmm..if we identified the 20% of equipment that cause most downtimes or breakdows and concentrated most of our efforts at maintaining them...this would result in eliminating 80% of downtimes or breakdowns (well maybe 70-75%, if you like....lolz)

Lastly, but always, not the least, you can apply the 80/20 rule to almost anything in the world today...

kaikai blo tingting tasol....