Tag: Guy Beaver

Capability Maturity Model (CMM) | Glossary

Manjunath Ingale Leave a comment

Definition :

The Capability Maturity Model (CMM) is a development model created once a study of knowledge collected from organizations that contractile with the U.S. Department of Defense, who funded the analysis. The term “maturity” relates to the degree of ritual and improvement of processes, from ad hoc practices, to formally outlined steps, to managed result metrics, to active improvement of the processes.

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Further Reading:

Lean Agile Software Development by Alan Salloway, Guy Beaver and James R. Trott.

 

Payback period | Glossary

Manjunath Ingale Leave a comment

Definition :

The payback amount is that the length of your time needed to recover the value of an investment. The payback amount of a given investment or project is a crucial determinant of whether or not to undertake the position or project, as longer payback periods are generally not fascinating for investment positions. The payback amount ignores the time value of money (TVM), in contrast to different ways of capital budgeting like internet gift worth (NPV), internal rate of return (IRR), and discounted cash flow.

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Further Reading:

Lean Agile Software Development by Alan Salloway, Guy Beaver and James R. Trott.