Incremental = Deliver in increments and whatever is delivered is end to end to make it usable.

For example, if the end of iteration delivers search functionality, a user should be able to search.

Iterative = Continuous refinement using fast feedback.

Thus in the adaptive life cycle, the objective is to deliver something which is consumable (Incremental) and after each iteration, feedback is collected to get the next level of refinement (iterative)

For example, in an initial iteration, the search could be simple by keyword, after getting feedback, it could be enhanced by location, of course in next iteration.

If in the first iteration, both keyword and location wise are started then it could be possible that by the end of iteration everything is in progress and delivery is not usable. Select something small enough which can be developed end to end to make it usable.

Also, after getting the feedback, the existing developed functionality can also be refined if it is needed and values.

In summary, whatever is delivered it should be end to end and refinement can be done by continuous iterations.

Statistics: Posted by seema.sonkiya — Mon Jun 11, 2018 7:14 am

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Time value of money: The money you get in 5 years isn't worth as money you get today.

If you have an option to get USD 5000 today and another option is getting the same amount after two years, definitely you will choose option one.

Because you need to calculate money after two years in present value by a discount rate. You can deposit that USD 5000, and after two years you can get interested out of it.

You can calculate the present value of money by FV/ (1+i)^n

i = discount rate

n = period

FV = Future Cash Inflow/ outflow

It is the value in today time of the future cash flow.

You calculate the present value of all future cash flow of all available options to decide which option is better. Higher the PV the better the investment.

This PV calculation can be used as a base for calculating the Net Present Value.

Then what is NPV: It is a measure of how much money a project can be expected to return (in today's present value)

It is the sum of inflow and outflow in present value term (discounted based on duration)

it considers multiple cash inflows and outflows which are brought to the present value term to see what is net present value by summing up all inflows and outflows (in minus form)

A negative value indicates that we are losing money. Higher the PPV better the initiative.

Now come to the IRR: IRR is a measure of how quickly the money invested in a project will increase in value. It is the rate of return which is calculated based on inflow and outflows.

While calculating IRR, we assume one discount rate, and on that basis, we calculate the end value of the project. To calculate the rate, we need to compute the rate which equalizes the inflow and outflow. It means we calculate at what particular rate NPV becomes zero. It's like if I discount cash inflow and outflow(bring in present value term) both of them become equalize that is the rate of return I am getting from this investment.

Payback period: Time required to get the initially invested amount back. Smaller is better, earlier we get money, better it is. It is the time when cost and benefit become equal. You need to calculate how money is flowing back.

Statistics: Posted by seema.sonkiya — Mon Jun 04, 2018 7:00 am

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When you start adding new content in relation to PMI guide to business analysis will you be marking/ tagging new content in some way like date or some other indicator. So as people who are already preparing they can pick up whats new and what was already there?

Thanks

Statistics: Posted by amritsingh — Tue May 08, 2018 5:28 am

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In light of PMI-PBA exam changing from 25th June onwards ( though there is not much change), when can we see the tutorial videos updated (if they need updating)? Will these be posted as seperate Videos so one can know the differences?

Thanks

Statistics: Posted by amritsingh — Fri Apr 13, 2018 1:40 am

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Statistics: Posted by seema.sonkiya — Thu Mar 22, 2018 3:06 am

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Statistics: Posted by seema.sonkiya — Thu Mar 22, 2018 2:54 am

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ITTO is not required to memorize; You need to understand the intent of each process and what all needed to carry out that process and what has to be done to get the desired output.

I have written a blog on ITTO for PMP, which is equally true for PBA: https://www.izenbridge.com/blog/pmp-itto/

Statistics: Posted by seema.sonkiya — Sat Mar 17, 2018 9:59 am

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Also will you be posting new guide in Quampus?

Statistics: Posted by amritsingh — Wed Mar 14, 2018 10:26 pm

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You have experience for PMI-PBA, no doubt in it.

Statistics: Posted by seema.sonkiya — Wed Mar 14, 2018 7:38 am

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We will update the course. If you are preparing currently, then you will just need to understand ITTO concepts and which we will take few days to fill those gaps.

Statistics: Posted by seema.sonkiya — Wed Mar 14, 2018 7:30 am

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