Chapter 3 - Value-Driven Delivery Flashcards
Which technique is used to calculate process cycle efficiency?
Value Stream Mapping
What’s the formula for calculating process cycle efficiency?
Total value-add time / Total cycle time
What’s the “Monopoly Money”?
A prioritization scheme
What’s the name of the prioritization scheme that classifies in “Must Have”, “Should Have”, “Could Have”, “Would like to have”?
MoSCoW
What are the 4 priority categories of the Kano Analysis?
Exciters, Satisfiers, Dissatisfiers, Indifferent
What are the available prioritization schemes?
Simple schemes, MoSCoW, Monopoly Money, 100-Point Method, Kano Analysis, Requirements Prioritization Model
Which factors are taken into account in the Requirements Prioritization Model?
Benefit, Penalty, Cost and risk of proposed feature
Which prioritization method doesn’t use ANY categories?
Relative Prioritization / Ranking
Which technique is used to depict Product Roadmaps?
Story Maps
How to construct a Risk-Adjusted Backlog?
Assign business value to each feature and rate the Expected Monetary Value of each risk. Then, add risks to the Product Backlog
What is Expected Monetary Value?
Risk Impact ($) x Probability (%)
What are the 2 principles of a “money for nothing and change for free” type contract?
- Customer can change as long as overall costs same
2. Early termination at a cost of % remaining contract value
What are the principles of a “Graduated Fixed Price Contract”?
Variable rate depending on finish time (early, on time, late)
What are the 4 types of Agile contracts?
DSDSM contract, Money for Nothing and Change for Free, Graduated Fixed Price Contract, Fixed Price Work Packages, Customized Contracts
What is a Kanban board?
A board with 3 task columns: To Do, In Progress and Done
What is WIP Limits?
A technique for reducing the WIP e.g. by limiting the space for WIP items on a Kanban board
What is the aim of WIP Limits?
To optimize throughput of work (not resource utilization).
What are the key benefits of Incremental Delivery?
Early ROI + identify defects early
What is the objective of “Customer-Valued Prioritization”?
To ensure we’re working on the items that yield the highest value to the customer
What does IKIWISI mean?
I’ll Know It When I See It. Meaning that requirements are often identified during demos
Formula of SPI?
Completed Features / Planned Features
Formula of CPI?
Earned Value (value of completed features to date) / Actual Costs
What metrics are shown in Cumulative Flow Diagrams (CFD)?
Total work, in progress work, Completed Work
What does Little’s Law say?
Cycle times (time to complete work) is proportional to the size of the WIP queue
NEED TO REVIEW CONCEPT OF CFDs
NEED TO REVIEW CONCEPT OF CFDs
What are Risk Burn Down Graphs?
stacked area graphs of cumulative project risk severity
What are the main areas of PMI Code of Ethics?
Responsibility, Respect, Fairness, Honesty
