Practice Quiz

Nurse Manager

Category - Strategic Management

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Which of the following principles aids the managing information aspect of project management?
  1. The Overload principle
  2. The Risk Benefit principle
  3. The Pareto principle
  4. The MOSCOV principle
Explanation
Answer: C - The Pareto principle aids the managing information aspect of project management. The Pareto principle, also referred to as the 80/20 rule and the Law of the Vital Few, states that 80% of your data and information comes from 20% of your data sources. The use of the Pareto principle allows us to prioritize data and information and to avoid informational overload.

Category: Strategic management and technology - Managing projects
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