Project Management in Software Development

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Questions and Answers

Which of the following components are part of the Project Management Triangle?

  • Cost (correct)
  • Scope (correct)
  • Quality
  • Risk

What is not typically considered when assessing project success?

  • Customer satisfaction
  • Time management
  • Project team size (correct)
  • Scope delivery

Which of the following is not a key principle of Agile Project Management?

  • Comprehensive documentation (correct)
  • Responding to change
  • Customer collaboration
  • Iterative development

Under which circumstance would Agile Project Management be least effective according to Stacy’s Complexity matrix?

<p>Complicated projects (A)</p> Signup and view all the answers

Which of the following categories does not belong to the waste identified in Lean software development?

<p>Inadequate documentation (A)</p> Signup and view all the answers

What is the present value of projected cash flows of €60,000, €70,000, and €80,000 with a discount rate of 2 percent?

<p>€204,695 (B)</p> Signup and view all the answers

Which project has a more favorable payback period based on cash flow?

<p>Project A (C)</p> Signup and view all the answers

What does the 'W' in MoSCoW prioritization stand for?

<p>Want (A)</p> Signup and view all the answers

How does the calculation of the WSJF score impact the backlog prioritization?

<p>It helps determine the most critical items based on risk and value. (D)</p> Signup and view all the answers

What are the components required to create an activity-on-node network diagram?

<p>Earliest start, duration, earliest finish, latest start, latest finish, and float time. (D)</p> Signup and view all the answers

What is the definition of Velocity in the context of Agile development?

<p>The number of story points completed in a given iteration. (C)</p> Signup and view all the answers

Which factors can influence a team's Velocity in Agile projects?

<p>Team experience, task complexity, and external interruptions. (C)</p> Signup and view all the answers

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Flashcards

Velocity

A metric used in agile development to estimate the amount of work a team can complete in a sprint or iteration.

Release Burn-down Chart

A visual representation of the remaining work to be completed in a release. It shows the progress made over time.

Iteration Burn-down Chart

A visual representation of the remaining work to be completed in an iteration or sprint. It shows the progress made over time.

Project Progress Table

A table that helps you analyze how the project is progressing. It includes information like story points completed, changes in estimates, and new stories added.

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Power-Interest Grid

A framework to understand the influence and interest of stakeholders in a project. It's a visual tool that helps prioritize communication and engagement.

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Engagement Assessment Matrix

A tool used to assess the engagement level of stakeholders. It considers their current engagement and their desired engagement level.

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Value

The potential value to be gained from successfully completing a project.

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Risk

The likelihood of encountering problems or failures in a project.

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Time

The time required to complete a specific task or activity in a project.

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Criticality

Represents the criticality of a task or requirement and its impact if not on time or if it fails.

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What is the Project Management Triangle?

The Project Management Triangle, also known as the Iron Triangle, is a model in project management that highlights the interconnectedness of three key constraints: Scope, Time, and Cost. It emphasizes that managing any project involves achieving a balance between these three elements, and any changes to one will inevitably affect the others. For example, if a project's scope is expanded, it may necessitate additional time or resources, potentially impacting the cost. Conversely, if the budget is reduced, it may necessitate prioritizing specific tasks within the scope or compressing the project timeline. The Project Management Triangle is particularly crucial in software development projects due to the inherent complexity and dynamic nature of the work. Understanding the relationships between these constraints allows project managers to make informed decisions and manage expectations effectively.

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What are other metrics/indicators besides scope, time, and cost?

Beyond the traditional scope, time, and cost constraints, evaluating project success requires considering several other important metrics and indicators. These can be categorized as:

  • Quality: Assessing the project's output against defined quality standards, user satisfaction, defect rates, and overall performance.
  • Customer Satisfaction: Gathering feedback from stakeholders on their overall satisfaction with the project's deliverables and overall project experience.
  • Team Performance: Evaluating team collaboration, communication, motivation, and individual skill development.
  • Risk Management: Analyzing risks and potential impact, effectiveness of risk mitigation plans, and adherence to risk management processes.
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What is Agile Project Management?

Agile Project Management is an iterative and incremental approach to software development that emphasizes flexibility, collaboration, and continuous improvement. It prioritizes customer value, delivers working software frequently, adapts to changing requirements, and fosters close communication and teamwork.

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What are some key principles of Agile Project Management?

Agile Project Management embodies a set of key principles that guide its implementation. Six of these principles are:

  • Customer Collaboration: Prioritizing close collaboration with customers to ensure the creation of valuable software that meets their actual needs.
  • Individuals & Interactions over Processes & Tools: Emphasizing individual skills, collaboration, and communication over rigid processes and tools.
  • Working Software over Comprehensive Documentation: Focusing on delivering working software frequently, rather than extensive documentation that may not reflect the actual product.
  • Responding to Change over Following a Plan: Adapting to changing requirements and customer feedback seamlessly instead of rigidly following a fixed plan.
  • Continuous Improvement: Continuously reviewing and improving the project process based on feedback and lessons learned.
  • Simplicity: Maintaining a focus on simplicity and avoiding unnecessary complexity in designs and processes.
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When does Agile Project Management work best?

Stacy's Complexity Matrix is a framework used to classify projects based on their complexity and the level of knowledge about the project. It helps determine the suitability of different project management methodologies, including Agile. Agile project management is particularly effective for projects that fall into the complex and chaotic quadrants of Stacy's Matrix. In these quadrants, requirements are often unclear, the environment is dynamic, and there is a high degree of uncertainty. Agile's iterative approach effectively addresses the challenges of these projects by allowing for continuous learning and adaptation. In simple and complicated projects, where requirements are well-defined and the environment is relatively stable, more traditional methodologies may be more suitable.

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What are some categories of waste in software projects?

Lean Software Development is an approach that emphasizes the elimination of waste and focuses on delivering value to the customer. Waste, in this context, refers to any activity that does not directly add value to the final product or service. Four common categories of waste in software projects include:

  • Overproduction: Creating more features or documentation than necessary, leading to unnecessary effort and cost.
  • Defects: Producing faulty software that requires rework, delaying delivery and increasing costs.
  • Waiting: Unnecessary delays in the development process, such as waiting for approvals, resources, or feedback.
  • Unnecessary Movement: Inefficient movement of work and information within the project, leading to delays and lost productivity.
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What does DEEP stand for in backlog management?

The DEEP acronym is used to describe the characteristics of a well-managed product backlog. The acronym stands for:

  • Detailed: Each backlog item should be clearly described with sufficient detail to understand its scope, dependencies, and potential risks.
  • Estimated: Backlog items should be initially estimated to provide an understanding of their relative effort and complexity.
  • Emergent: The backlog should be seen as a living document that evolves as the project progresses and new information becomes available.
  • Prioritized: Items in the backlog should be prioritized based on their value and importance to the customer, addressing critical functionalities first.
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What is MoSCoW prioritization and how does it work?

MoSCoW prioritization is a technique where backlog items are categorized based on their importance and urgency. It stands for Must Have, Should Have, Could Have, and Won't Have. This approach helps to ensure that essential features are prioritized, while less critical ones may be considered later. By categorizing backlog items according to their MoSCoW classification, teams can set clear expectations with stakeholders and make informed decisions about which features to develop first.

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Study Notes

Project Management Triangle and Software Projects

  • The Project Management Triangle combines scope, time, and cost.
  • Understanding their relative importance helps control software projects.
  • Balancing these elements is crucial for success. Adjustments in one often necessitate changes in others.
  • Example: A project needing extra features (scope) might imply more time or increased cost.

Project Success Metrics Beyond Scope, Time, and Cost

  • Four additional project success metrics include:
    • User satisfaction
    • Quality of delivered software
    • Project team morale and productivity
    • Alignment with business objectives.

Agile Project Management

  • Agile Project Management is an iterative approach prioritizing flexibility and collaboration.
  • Key Principles:
    • Customer satisfaction through early and continuous software delivery.
    • Embrace change to leverage it for customer competitive advantage.
    • Functioning software delivered frequently (weeks rather than months).
    • Collaboration between business people and developers throughout the project.
    • Motivated individuals empowered to achieve exceptional results.
    • Frequent and efficient communication.
    • Technical excellence and close attention to technical details.
    • Sustainable development to maintain a constant development pace.
    • Continuous attention to detail, quality and design.

Agile Project Management and Stacy's Complexity Matrix

  • Agile project management works best in projects with high complexity, uncertainty, and changing requirements. Stacy's Complexity Matrix categorizes these factors.
  • In such projects, adaptability and flexibility offered by Agile are highly beneficial.

Lean Software Development Waste

  • Lean software development emphasizes waste minimization.
  • Four categories of waste in software projects:
    • Overproduction: Producing more than necessary, leading to unnecessary storage and rework.
    • Waiting: Delays in development due to dependencies or bottlenecks.
    • Transportation: Unnecessary travel or communication between teams, decreasing efficiency.
    • Inventory: Accumulating large amounts of software code or unused resources.

Value-Driven Delivery - NPV and Payback

  • Present Value: Discounting future cash flows to determine their current worth.
  • Net Present Value (NPV): The difference between the present value of cash inflows and the initial investment.
  • A positive NPV implies the project is financially attractive.
  • Payback Period: The time needed for a project to recoup its initial investment.
  • Favourable projects have faster payback periods.

Work in Progress (WIP)

  • Limiting WIP reduces lead time and allows for earlier delivery of value to the customer.
  • Little’s Law: Throughput = Work in Progress / Lead Time

DEEP Backlog Characteristics

  • A well-managed backlog adheres to the DEEP characteristics for efficient management:
    • Defined: Tasks are clearly defined, avoiding ambiguity.
    • Estimable: Tasks are estimated accurately.
    • Prioritized: Tasks are ranked in order of their value and impact.
    • Evaluated: Progress is continuously assessed to identify issues and adjust accordingly.
    • Time-boxed: Tasks are assigned realistic timelines for completion.

Backlog Prioritization - MoSCoW

  • A prioritization technique where items are categorized as Must have, Should have, Could have, and Won't have.

Backlog Prioritization - WSJF

  • Weighted Shortest Job First (WSJF) prioritization is based on value, risk, time, and size.
  • WSJF is calculated using a formula that combines these factors.

Activity-on-Node (AON) Network Diagram

  • An AON network diagram illustrates tasks, dependencies, and estimated durations.
  • Essential for project planning and scheduling tasks like T1, T2, T3, etc.

Agile Planning - Velocity

  • Velocity is the rate at which a team completes a specific amount of work (e.g., story points) in a given iteration.

    • Measuring progress over time
    • Predicting future efforts based upon recent performance
  • Importance: Velocity helps predict the amount of work a team can handle and set realistic goals.

Agile Planning - Factors Influencing Velocity

  • Team members' experience and expertise.
  • Project complexity and the scope of task.
  • Team motivation and the work environment.

Agile Planning - Project Progress (Iterations)

  • The table shows a project proceeding through 3 iterations.
  • Use the provided data to calculate values A, B, C, and D.

Agile Planning - Release Burn-down Chart

  • Depicts the remaining work in a graphical format.
  • This visualization helps predict and track project completion.
  • Two scenarios that cause upward trends in an iteration burn-down chart are:
    • Estimations became overly optimistic.
    • Unforeseen problems arose that delayed or complicated work.

Stakeholder Management - Power-Interest Grid

  • A tool to identify and categorize stakeholders based on their influence and interest in the project.

Stakeholder Management - Engagement Assessment Matrix

  • Positions stakeholders based on current and desired engagement levels.

Stakeholder Management - Interpersonal Skills

  • Four vital interpersonal skills for stakeholder management:
    • Effective communication (with stakeholders).
    • Active listening
    • Collaboration across different groups, or individuals.
    • Conflict resolution.

Stakeholder Management - Communication Channels

  • Reducing the number of stakeholders reduces the number of total communication channels.

Decision Trees and Expected Monetary Value (EMV)

  • Using decision trees to model options helps evaluate the risk, costs, and potential.
  • EMV considers the expected outcome of various decisions (or different solutions).
  • Useful for determining which option offers the highest return or benefit (after accounting for the possibility of failure).

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