I once had a PM who loved the Pareto principle a little too much, and would constantly push us to "apply it" even after we already had. I got frustrated by this and drew the graph that goes along with your sentence, showing that miraculously about 99% of the work can be done with 60% of the effort!
My PM did not take the correct lesson away from the encounter.
My PM did not take the correct lesson away from the encounter.