Scatter Diagram A scatter diagram, also called a scatter plot, is a type of graph that is used in statistical analysis to show how two variables are related. The diagram is made up of a set of points plotted on a two-dimensional coordinate system, with one variable on the x-axis and the other variable on the y-axis….
XX There are several pieces of information that are not clear or are not necessary to be available with clarity while we go through the project. We assume and progress. In most cases, it is done at the beginning of the project where we outline the basic assumptions and as we dive into the project we keep…
Value Stream Map Value Stream Mapp is a lean manufacturing and business management technique used to see, analyze, and improve the flow of materials, information, and value-adding activities that are needed to get a product or service to the customer. It is a type of process mapping that shows the whole process, from start to finish, in…
Verification Verification is the process of checking to see if the results of the work or deliverables meet the requirements and specifications laid out in the project plan. The process of checking is usually done by the project manager or members of the project team who are in charge of the work product or deliverable. Verification is…
Variance In statistics and probability theory, the variance is a way to measure how spread out a set of numbers is. It is the average of the squares of the differences from the set’s mean. Var stands for the variance of a random variable X. (X). In math, variance is found by taking the difference between each…
XX There are several pieces of information that are not clear or are not necessary to be available with clarity while we go through the project. We assume and progress. In most cases, it is done at the beginning of the project where we outline the basic assumptions and as we dive into the project we keep…
Velocity Chart In Agile project management, a velocity chart is used to track how a project team’s work is getting done over time. The chart keeps track of the team’s “velocity,” or how quickly it finishes work and delivers product increments. Most of the time, the velocity chart shows how much work the team did in each…
Velocity Velocity is a way to measure how quickly a project team finishes work and delivers product increments. It is usually measured by how much work the team gets done during a sprint. This is usually done in story points or other units of work that the team agrees on. Velocity is an important metric in Agile…
