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AGILE TERMS 2

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Term
Definition
AGILE & ADAPTIVE APPROACHES FOR LINKING PEOPLE, PROJECTS, & VALUE   AGILE DECLARATION OF INTERDEPENDENCE  
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WHAT SHOULD A SERVANT LEADER PROVIDE?   1. SHIELD TEAM FROM INTERRUPTIONS 2. REMOVE IMPEDIMENTS 3. COMMUNICATE PROJECT VISION 4. CARRY FOOD & WATER  
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FIRST 6 PRINCIPLES FOR LEADING AGILE PROJECTS   1. LEARN TEAM'S NEEDS 2. LEARN PROJECT REQUIREMENTS 3. ACT FOR SIMULTANEOUS WELFARE OF TEAM & PROJECT 4. CREATE ENV OF FUNCTIONAL ACCOUNTABILITY 5. HAVE VISION OF COMPLETED PROJECT 6. USE VISION TO DRIVE YOUR BEHAVIOR  
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LAST 6 PRINCIPLES FOR LEADING AGILE PROJECTS   7. BE CENTRAL FIGURE IN SUCCESSFUL TEAM DEVELOPMENT 8. RECOGNIZE TEAM CONFLICT AS A POSITIVE STEP 9. MANAGE WITH AN EYE ON ETHICS 10. ETHICS IS INTEGRAL 11. TAKE TIME TO REFLECT ON PROJECT 12. DEVELOP SKILL OF THINKING BACKWARDS  
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TYPES OF VALUE-DRIVEN DELIVERY PROJECTS TO GENERATE BUSINESS VALUE   - PRODUCE BENEFIT - IMPROVE SERVICE - MARKET DEMAND - SAFETY COMPLIANCE - REGULATORY COMPLIANCE  
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AIM TO DELIVER HIGHEST VALUE EARLY TO REDUCE RISK   EARLY VALUE DELIVERY  
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METRICS USED FOR ASSESSING VALUE   - RETURN ON INVESTMENT (ROI) - INTERNAL RATE OF RETURN (IRR) - PRESENT VALUE/NET PV (NPV) - EARNED VALUE MANAGEMENT (EVM)  
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RATIO OF BENEFITS RECEIVED FROM AN INDIVIDUAL TO THE MONEY INVESTED (PERCENTAGE)   RETURN ON INVESTMENT (ROI)  
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INTERNAL RATE NEEDED IN TODAY'S MONEY TO RECEIVE A CERTAIN AMOUNT OF MONEY IN THE FUTURE   INTERNAL RATE OF RETURN (IRR)  
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VALUE OF FUTURE MONEY IN TODAY'S TERMS   NET PRESENT VALUE (NPV)  
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WHAT ARE KPI'S USED FOR?   TO MEASURE PROJECT PROGRESS  
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KEY COMPONENTS OF KPI'S   - RATE OF PROGRESS - REMAINING WORK - LIKELY COMPLETION DATE - LIKELY COST REMAINING  
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HOW SHOULD YOU HANDLE REGULATORY COMPLIANCE?   EITHER BUILD IT INTO PROJECT WORK OR DO IT AFTER PROJECT IS DONE  
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HOW DOES RISK AFFECT AGILE PROJECTS?   IT IS CONSIDERED ANTI-VALUE  
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TOOLS FOR MANAGING AGILE RISK   - RISK-ADJUSTED BACKLOG - RISK BURNDOWN CHART  
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HOW DO CUSTOMERS CONDUCT VALUE PRIORITIZATION?   FEATURES ARE PRIORITIZED BASED ON BUSINESS VALUE, RISK, & DEPENDENCIES  
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VALUE PRIORITIZATION TECHNIQUES   - SIMPLE SCHEME - MOSCOW PRIORITIZATION - MONOPOLY MONEY - 100-POINT METHOD - DOT (MULTI-VOTING) - KANO ANALYSIS - REQUIREMENTS PRIORITIZATION MODEL  
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SIMPLE SCHEME   IDENTIFY PRIORITIES AS "1", "2", "3", AND SO ON  
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WHY CAN SIMPLE SCHEME BECOME PROBLEMATIC?   BECAUSE MANY ITEMS COULD BECOME FIRST PRIORITY  
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MOSCOW PRIORITIZATION   - MUST HAVE - COULD HAVE - SHOULD HAVE - WOULD LIKE, BUT NOT NOW  
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DOT (MULTI) VOTING   EACH PERSON GETS A CERTAIN AMOUNT OF DOTS TO DISTRIBUTE TO THE REQUIREMENTS  
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MONOPOLY MONEY   GIVE EVERYONE EQUAL AMOUNT OF MONEY, THEN DISTRIBUTE FUNDS TO WHAT'S VALUED MOST  
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100-POINT METHOD   GIVE EACH PERSON 100 POINTS, THEN USE IT TO DISTRIBUTE TO INDIVIDUAL REQUIREMENTS  
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KANO ANALYSIS   HELPS TO UNDERSTAND CSAT  
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ELEMENTS OF KANO ANALYSIS   - DELIGHTERS/EXCITERS - SATISFIERS - DIS-SATISFIERS - INDIFFERENT  
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DEPLOYING WORKING PARTS OF THE PRODUCT OVER THE LIFE OF THE PROJECT (DELIVER FIRST TO DEV, THEN TEST, THEN PROD ENVIRONMENT)   INCREMENTAL VALUE MANAGEMENT  
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WHAT ARE THE BENEFITS OF INCREMENTAL VALUE MANAGEMENT?   REDUCES AMOUNT OF REWORK BY DISCOVERING ISSUES EARLY & FIXING THEM  
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FUNCTIONALITY THAT IS COMPLETE ENOUGH TO BE USEFUL, BUT SMALL ENOUGH NOT TO BE AN ENTIRE PROJECT   MINIMAL VIABLE PRODUCT  
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WHEN USING COMPUTER MODELS FOR AGILE PROJECTS WHAT PROBLEMS CAN ARISE?   - DATA ACCURACY PERCEPTION INCREASES - NO STAKEHOLDER INTERACTION  
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LOW-TECH, HIGH-TOUCH TOOLS   - INDEX CARDS, CHARTS, WHITEBOARDS, & WALLS - PROMOTES COMMUNICATION & COLLABORATION - SKIP COMPUTER GANTT CHART FOR KANBAN BOARD  
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INFORMATION RADIATOR THAT PROVIDES VISUALS FOR ITERATION BACKLOG & ENSURES EFFICIENT DISCUSSION   KANBAN BOARD (FOCAL POINT OF DAILY MEETINGS)  
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WORK THAT'S BEEN STARTED BUT NOT COMPLETED YET   WORK IN PROGRESS (WIP)  
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CHARACTERISTICS OF LIMITING WIP   - REPRESENTS MONEY SPENT W/OUT RETURN - HIDES PROCESS BOTTLENECKS - REPRESENTS RISK AS POTENTIAL RISK - AIM IS TO LIMIT & OPTIMIZE WIP  
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STACK GRAPHS THAT SHOW HOW WORK IS PROGRESSING   CUMULATIVE FLOW DIAGRAMS (CFD'S)  
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WHAT'S THE RELATIONSHIP BETWEEN WIDENING AREA ACTIVITY & BOTTLENECK ACTIVITIES?   BOTTLENECK IS THE FIRST AREA AFTER WIDENING AREA ACTIVITY  
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HOW DOES AGILE'S FLEXIBILITY AFFECT CONTRACT ACCEPTANCE CRITERIA?   DIFFICULT DUE TO ATTEMPTS TO FIX RESOURCES, TIME, COST, & VARYING FUNCTIONALITY  
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CONTRACT WHERE 20 FEATURES ARE PAID FOR & AFTER THE 15TH FEATURE NO VALUE IS LEFT SO CONTRACT IS CUT OFF WITHOUT REFUND   MONEY FOR NOTHING CONTRACT  
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CONTRACT ALLOWING CUSTOMER TO CHANGE EXISTING FEATURE OR REPLACE IT   CHANGE FOR FREE CONTRACT  
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CONTRACT WHERE BUYER/SELLER SHARE IN RISKS & REWARDS (TYPICALLY THERE ARE DIFFERENT HOURLY RATES BASED ON FINISH EARLY, FINISH LATE, & FINISH ON TIME)   GRADUATED FIXED-PRICE CONTRACT  
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USED TO MITIGATE RISKS OF UNDER OR OVER ESTIMATING   FIXED PRICE WORK PACKAGES  
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WHAT ONE PERSON DESCRIBES IS OFTEN DIFFERENT FROM HOW ANOTHER INTERPRETS IT   GULF OF EVALUATION  
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