Cost control can be approached as an application of Pareto's law, which states that ????percent of a project's outcome is determined by ????percent of the included elements.
A) $50 ; 50$
B) $40 ; 60$
C) $70 ; 30$
D) $80 ; 20$
E) $25 ; 75$

Question

Quizplus · Accepted Answer

Pareto's law, often referred to as the 80/20 rule, posits that 80 percent of a project's outcome is typically determined by 20 percent of the included elements. This principle is applied in various contexts, including cost control, to focus efforts on the most impactful areas.

Cost Control Can Be Approached as an Application of Pareto's 50;5050 ; 5050;50

Cost Control Can Be Approached as an Application of Pareto's $50 ; 50$