Category: Glossary

Net Present Value | Glossary

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Definition

The discounted business value of nontraditional methods that is used to create software is known as the Net Present Value (NPV). The discount in this case, means to either reduce value, or devalue or lower the expected benefits received from Agile development methods over time. The two ways of increasing profits are : 1) increase its revenues or 2) decrease its costs.

NPV is often a metric that is used to determine the investment potential of a project. It offers a comparison between the present value of your investment, and the future returns that are expected. It takes into account the principle in economics that is refereed to as the “time value of money”, which offers the implication that a currency earned today is more valuable than that earned tomorrow.

Further Reading

  •  “The Art of Agile Development”(book), by James Shore

Manual Testing | Glossary

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Definition

Manual Testing is a process by which bugs and defects can be found out in a software program module, during development. The Tester plays a prominent role of the ‘end user’ in this method, and verifies the applicability of all the features, and their correct functioning. The Test Cases are manually executed, without the help of any Automation tools.

The differences that arise between actual results, and those desired are treated as defects. Those are then fixed by the developers of the Application. The Tester then retests the defects to ensure that they are fixed. The final goal is to ensure that the Application is error free and works to an optimum quality towards the customer’s satisfaction.

Further Reading

  •  “Software Testing Second Edition SAMS”(book), by Pattton.