The Premise:  Pareto’s Law The late Josheph Juran introduced the world to Pareto’s Law, aptly named after Italian economist Vilfredo Pareto.  Many business and quality professionals alike are familiar with Pareto’s law and often refer to it as the 80 / 20 rule.  In simple terms, Pareto’s Law is based on the premise that 80% of the effects stem from 20% […]