80/20 Rule or Pareto PRinciple

The 80/20 rule is essential in many areas of life.

In project management, running a business or living as a minimalist / essentialist.

20% of a project is usually up to 80% of the result.

And vice versa, 80% of effort is needed to squeeze out the last 20%.

The important question is whether you need these last 20% or if the 80% is good enough.