What is Pare?
Pare is a technique used in project management to prioritize and focus on the most critical tasks or items. It involves making tough decisions about what to keep and what to eliminate to streamline processes and improve efficiency.
How Does Pare Work?
Pare follows the 80/20 rule, also known as the Pareto Principle, which states that roughly 80% of the effects come from 20% of the causes. By applying Pare, project managers identify and eliminate the least important 80% of tasks to focus on the vital 20% that will yield the most significant results.
Examples of Pare
- When developing a new product, a company may use Pare to prioritize features based on customer needs and market demand, focusing on the essential aspects that will make the product successful.
- In time management, individuals can use Pare to optimize their schedules by identifying and eliminating time-wasting activities to concentrate on tasks that align with their goals and objectives.
Case Studies
Several businesses have successfully implemented Pare in their operations. By focusing on core competencies and eliminating non-essential tasks, these companies have improved efficiency and profitability.
Statistics on Pare
According to a study by Harvard Business Review, companies that apply Pare principles see a 10-20% increase in productivity and a 15-30% reduction in costs.
