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Tag: Finance

Adaptive Planning

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  • July 16, 2023September 9, 2023
  • Dictionary

Adaptive planning is a key concept in the context of business agility, which refers to an organization’s ability to quickly and effectively respond to change, uncertainty, and disruptions in its operating environment. It involves the capacity to adjust strategies, tactics, and plans in a flexible and responsive manner. Being able […]

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Agile

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  • July 6, 2023July 30, 2023
  • Dictionary

According to several of the authors of the Agile Manifesto, the word agile refers to adaptability and how quick a team or an organization is able to respond to changes. As a consequence, this means that the “Manifesto for Agile Software Development” might as well have been called the “Manifesto […]

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Agile Contracting

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  • July 16, 2023July 30, 2023
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Agile Contracting is an approach to procurement and vendor management that aligns with Agile principles and methodologies. It involves structuring contracts and agreements in a way that promotes collaboration, flexibility, and adaptability to accommodate the dynamic nature of Agile projects and development processes. Key aspects of Agile Contracting include: Agile […]

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Agile Metrics and Reporting

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  • July 16, 2023July 30, 2023
  • Dictionary

Agile Metrics and Reporting refer to the collection, analysis, and presentation of data to measure the performance and progress of Agile teams and projects. The goal is to provide valuable insights that support data-driven decision-making, continuous improvement, and transparency within the organization. Key aspects of Agile Metrics and Reporting include: […]

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Agile Mindset

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  • July 16, 2023July 30, 2023
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The Agile Mindset is a set of beliefs, attitudes, and values that underpin the Agile approach to software development and project management. It is the foundation upon which Agile principles and practices are built. The Agile Mindset emphasizes flexibility, collaboration, customer-centricity, and continuous improvement. Key aspects of the Agile Mindset […]

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Agile Principles

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  • July 16, 2023July 30, 2023
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Agile Principles are a set of guiding values and beliefs that underpin the Agile Manifesto, a foundational document for Agile software development. The principles provide a philosophical foundation for Agile methodologies and practices, emphasizing the importance of collaboration, customer focus, flexibility, and continuous improvement. The 12 Agile Principles, as stated […]

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Agile Project Management

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  • July 16, 2023July 30, 2023
  • Dictionary

Agile Project Management is an iterative and incremental approach to managing projects, primarily used in software development but applicable to various industries. It emphasizes flexibility, adaptability, collaboration, and continuous improvement. Unlike traditional project management methodologies that follow a linear and predictive approach, Agile Project Management allows for changes in project […]

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Agile Risk Management

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  • July 16, 2023July 30, 2023
  • Dictionary

Agile Risk Management is the practice of identifying, assessing, and proactively addressing risks in an Agile project or development environment. It is a crucial aspect of Agile project management that helps teams and stakeholders understand potential challenges and uncertainties and take timely actions to mitigate or capitalize on risks. Key […]

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Agile Transformation

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  • July 16, 2023September 4, 2023
  • Dictionary

An Agile Transformation is a comprehensive and strategic effort undertaken by an organization to adopt Agile principles, values, and practices across the entire organization. It involves a fundamental change in the organization’s structure, processes, and culture to become more adaptive, customer-centric, and responsive to change. Benefits These are some of […]

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Agile Vendor Management

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  • July 16, 2023September 18, 2023
  • Dictionary

Agile Vendor Management is an approach to managing relationships with external vendors and suppliers in an Agile environment. It involves applying Agile principles and practices to vendor management processes to foster collaboration, responsiveness, and value delivery. Agile Vendor Management is Benefits Challenges Agile Vendor Management is especially relevant in Agile […]

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Business Agility

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  • July 17, 2023August 3, 2023
  • Dictionary

Business Agility is the ability of an organization to respond rapidly and effectively to changes in the market, customer needs, technology, and other external and internal factors. It is about creating an adaptive and resilient organization that can continuously innovate, deliver value, and thrive in a dynamic and unpredictable business […]

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Business Agility Framework

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  • July 16, 2023July 31, 2023
  • Dictionary

A Business Agility Framework is a structured and flexible approach that organizations adopt to enhance their agility and adaptability in response to changing market conditions, customer needs, and competitive landscapes. It is designed to help organizations transform and thrive in today’s rapidly evolving business environment. Key points about a Business […]

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Business Value

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  • July 16, 2023July 31, 2023
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Business Value refers to the measurable benefit or worth that a product, project, or initiative brings to an organization. It represents the positive impact that the outcome or result of an activity has on achieving the organization’s strategic goals, meeting customer needs, or generating financial returns. Key points to understand […]

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Capex

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  • July 16, 2023September 4, 2023
  • Dictionary

Capex stands for Capital Expenditure, which refers to the funds a company invests in acquiring, upgrading, or maintaining physical assets or long-term investments. Capex is typically distinguished from Opex (Operating Expenditure), which covers day-to-day operational expenses like salaries, utilities, and rent. In an Agile context, managing Capex can present both […]

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Cycle Time

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  • July 16, 2023July 31, 2023
  • Dictionary

Cycle Time is a performance metric that measures the time it takes to complete a single work item or task from the moment it enters an active, work-in-progress state until it reaches completion. It is a key concept in Lean, Agile, and Kanban methodologies and is used to assess the […]

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DevOps

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  • July 16, 2023August 4, 2023
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DevOps is a set of cultural, organizational, and technical practices that aim to improve collaboration and communication between software development (Dev) and IT operations (Ops) teams. The goal of DevOps is to enable organizations to deliver high-quality software more quickly, reliably, and efficiently by breaking down silos, automating processes, and […]

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Flow

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  • July 19, 2023July 31, 2023
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In the context of Business Agility, “Flow” refers to the smooth and efficient movement of work, information, and value across an organization’s entire value stream. It extends beyond the software development process and encompasses the end-to-end flow of activities, from ideation and customer engagement to product delivery and support. Flow […]

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Iteration

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  • July 16, 2023July 31, 2023
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An iteration, in the context of software development and Agile methodologies, refers to a time-boxed development cycle during which a team works on a specific set of tasks or user stories. It is a fundamental concept used in various Agile frameworks, including Scrum and Kanban, to manage and deliver work […]

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Kaizen

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  • July 16, 2023August 7, 2023
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Kaizen is a Japanese term that means “change for better” or “continuous improvement.” In the context of business management and Lean methodologies, Kaizen refers to the philosophy and practice of making small, incremental improvements to processes, products, or services over time. Key points about Kaizen include: Kaizen is a cornerstone […]

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Kanban

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  • July 16, 2023July 31, 2023
  • Dictionary

Kanban is a visual management method used to improve workflow efficiency, collaboration, and productivity in various contexts, including software development, manufacturing, project management, and service delivery. The word “Kanban” originates from Japanese, where “kan” means “visual” and “ban” means “card” or “board.” The core principle of Kanban is to visualize […]

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LEAN

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  • July 16, 2023July 31, 2023
  • Dictionary

Lean is a philosophy and management approach that focuses on maximizing value while minimizing waste in various processes and systems. It originated from the Toyota Production System (TPS) and is widely associated with manufacturing, but its principles have been successfully applied across diverse industries, including software development, healthcare, and service-oriented […]

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Lean-Agile Budgeting

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  • July 16, 2023July 31, 2023
  • Dictionary

Lean-Agile Budgeting is an approach to budget management that aligns with Lean and Agile principles, enabling organizations to fund and manage their initiatives in a more flexible, adaptive, and value-driven manner. It moves away from traditional annual budgeting practices that may be inflexible and rigid and instead embraces a more […]

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Lean Portfolio Governance

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  • July 16, 2023July 31, 2023
  • Dictionary

Lean Portfolio Governance is a management approach that aligns with Lean and Agile principles to govern the portfolio of projects, products, and initiatives within an organization. It provides a framework for making strategic decisions, allocating resources, and managing investments to optimize the delivery of value and achieve strategic objectives. Key […]

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Lean Portfolio Management

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  • July 16, 2023July 31, 2023
  • Dictionary

Lean Portfolio Management (LPM) is an Agile approach to managing a portfolio of projects, initiatives, and products within an organization. It aims to align the organization’s strategy, investment decisions, and execution with Lean-Agile principles to deliver valuable products and services efficiently. Key components and principles of Lean Portfolio Management include: […]

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Lean Startup

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  • July 16, 2023July 31, 2023
  • Dictionary

The Lean Startup is a methodology and mindset for developing businesses and products, popularized by Eric Ries in his book “The Lean Startup.” It applies principles from Lean manufacturing and Agile development to the process of building startups and new products. The main goal of the Lean Startup is to […]

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Lean Thinking

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  • July 16, 2023July 31, 2023
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Lean Thinking is a management philosophy and approach that originated from the Toyota Production System (TPS) and was popularized by the book “The Machine That Changed the World” by James P. Womack, Daniel T. Jones, and Daniel Roos. Lean Thinking focuses on creating value for customers while minimizing waste and […]

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Opex

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  • July 16, 2023September 4, 2023
  • Dictionary

Opex stands for Operating Expenditure, which represents the funds a company allocates for day-to-day operational expenses. These expenses typically include salaries, utilities, rent, marketing, office supplies, and other costs associated with running the business on a regular basis. Unlike Capex (Capital Expenditure), which covers long-term investments like equipment or infrastructure, […]

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Product

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  • July 6, 2023July 31, 2023
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A product can be defined as a tangible or intangible item that is created and offered for sale in the marketplace. It is the result of a manufacturing, production, or creative process aimed at satisfying a consumer need or want. A tangible product refers to a physical object that can […]

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SAFe

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  • July 31, 2023
  • Dictionary

SAFe stands for “Scaled Agile Framework,” and it is a widely-used framework for implementing agile practices at scale in large organizations. SAFe provides a structured approach to scaling agile principles and methodologies to address the challenges of coordinating work across multiple teams, business units, and departments. The main objectives of […]

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SMART Objectives

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  • July 16, 2023August 7, 2023
  • Dictionary

SMART objectives are a framework for setting clear and specific goals that are both achievable and measurable. The term “SMART” is an acronym that stands for: Example of a SMART objective: “Increase website traffic by 25% in the next quarter (Q3) by implementing SEO optimization techniques and publishing weekly blog […]

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Test Driven Development (Beyond Software)

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  • September 7, 2023September 7, 2023
  • Dictionary

Test Driven Development (TDD) is a software development practice that can also be applied in the context of Business Agility to drive product development, enhance quality, and foster a culture of continuous improvement. In TDD, the development process is guided by writing tests before writing the actual code. This practice […]

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Value Stream Mapping

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  • July 16, 2023July 31, 2023
  • Dictionary

Value Stream Mapping (VSM) is a visual tool and Lean management technique used to analyze, optimize, and improve the flow of materials, information, and activities required to deliver a product or service to customers. It provides a holistic view of the end-to-end process, from the initial request to the final […]

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