Important Please read the previous post explaining this model, before reviewing the example below. This example uses the following steps. Adds employee salary, benefits and contractor fees as cost variables. Calculates how much these variables cost each week. Sets highest number of story points burned down during a sprint as benchmark. Multiplies the weekly cost of the sprint by
Title – Naked Statistics Stripping the Dread from the Data Author – Charles Wheelan Publisher – W. W. Norton & Company Summary – The need for getting good data is widely understood. Bad numbers lead to bad decisions leading to bad business. The trick is not only getting the right data but being able to interpret
In his book The Personal MBA: Master the Art of Business, the author Josh Kaufman recommends isolating two to five critical indicators, or what he calls Key Performance Indicators (KPI). These numbers should measure throughput and of a given system. The goal in identifying and following these critical numbers is to improve the system under investigation. At
When discovering and resolving issues two attributes are absolutely necessary. These are a calm head and an experimental mindset. Uncertainty is inevitable. The sooner this is accepted, the better you will become at solving problems. Having numbers that expose issues are of little use unless the system under investigation is improved. A strong increase in
