Hey there! Welcome to my one-stop resource corner on Agile. I review current Agile trends, functions, concepts, and understanding for the purpose of improving project development.
This is a technique lifted from XP (Extreme Programming). Card On each card is enough text that identifies a requirement. Notes of priority and cost are written on it as well. They serve as tokens for requirements and are handed to developers during implementation and returned to customers when completed. Conversation Conversations are collectively exchanges of thought between customers and programmers. It is largely verbal, but may be communicated with supplemental examples. Confirmation Confirmation, in other words, acceptance tests, are defined at the start with the customer and shown to customer at the end of the iteration to confirm the story's completion. Note that extra documentation, while seemingly helpful, hardly "confirms" anything and cannot replace acceptance tests.
Notes from this article The article goes over several things, but applied specifically to Lean Project Management. Epics are used in Lean to create Minimum Viable Product (MVP), the simplest working-grade product that may be presented to the market. Epics are (as a rule of thumb) projects but have the addition of a few factors that distinguishes them. They are measured against the anticipated outcome, as opposed to the desired outcome, tracks the benefits of the project as opposed to the ROI, and is used to evaluate the decision as opposed to the follow-through of the scope. Epics are budgeted in advance with a hard-line STOP when the budget has been hit. It is then evaluated on whether or not the project is profitable and worth pursuing. In other terms, it may be used as a litmus test for a new venture. Below is a template where you can use to create an Epic. Template
An interesting video fairly describes it well. The V-P-C Framework presents distinctions between value, price and cost. As a reference to the image above, the green represents the value to customers, blue is the value to the company, and orange is the cost of producing said value/service. Companies naturally want to increase their blue value. In an effort to do that, they may do one of several things: 1) Decrease the value of green 2) Decrease the value of orange 3) Increase the value of green 4) A combination of the above choices. While certain companies may choose to under-deliver to their customers as a result of trying to capture the optimum gain, the best answer is (4). More specifically, the company should decrease their cost of production, increase their price to customer, and also increase the benefits to customer to which the customer does not lose any value. Essentially, it is baking a bigger pie. So how can companies bake a bigger pie?...
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