A New Paradigm in Cost Management

Society of Cost Management

Category Archives: Pareto Distribution

PROFESSIONAL DEVELOPMENT SPOTLIGHT: Prequisites

Posted on by Michael Fournier

Prerequisites to the program are those skills that Cost Management professionals should possess just to start out in the profession and form the basis of any career. A quick look at the items that makeup the prerequisites are; Statistics, including … Read More >

Posted in Analytics, Cost Education, Economics, Education and Certifications, Incentive Management, Pareto Distribution
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BOOK REVIEW: The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch

Posted on by Michael Fournier

I have been a Cost Accountant for awhile and can’t tell you the number of times I have applied the Pareto distribution, or 80/20 principle as it is also known.  This book is the first that I have run across … Read More >

Posted in Pareto Distribution
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