Pareto was Right
Join Carl and Fred as they talk about Pareto, his life and contributions. Discussion topics include the 80-20 rule, and how it can be applied in reliability engineering.
- Organizing tasks based on two criteria: time urgency and importance
[Note: see Show Notes for reference to a diagram of the “Time Management Matrix”, which describes this concept better than the description in the podcast]
- Finding time for important tasks that are not time-urgent
- Pareto: observations about the “80 – 20 rule”
- Why does the 80 – 20 rule work?
- Value of prioritizing failures
- Why should reliability plans should focus on the vital few methods?
- Focusing extra supplier efforts on critical parts
- Anticipating the unexpected
- Parallels tracks: due care on most areas, and extra care on vital few (prioritized) areas
- Don’t forget about the 20% of issues that are not covered in the 80 – 20 rule
- How to narrow down which reliability methods are most important for a reliability program
Enjoy an episode of Speaking of Reliability. Where you can join friends as they discuss reliability topics. Join us as we discuss topics ranging from design for reliability techniques to field data analysis approaches.