The Pareto Principle (80/20 rule) was named after Vilfredo Pareto. He observed that 80% of income in Italy went to 20% of the population. Business management thinker J. Juran suggested the principle and named it after the Italian economist.
Mike will review a presentation of lessons learned from their first Value Engineering exercise in Renfrew Ontario. Mike will also outline the impact the VE process has had on the Development of the Water Pollution Control Plant project.
Mike gives an “owners” perspective on the process and summarizes whether the tangible and non-tangible benefits were worth the cost and effort.
Mike will review a presentation of lessons learned from their first Value Engineering exercise in Renfrew Ontario. Mike will also outline the impact the VE process has had on the Development of the Water Pollution Control Plant project.
Mike gives an “owners” perspective on the process and summarizes whether the tangible and non-tangible benefits were worth the cost and effort.