Tag: INNOROO

Metrics | Glossary

Karan Negi Leave a comment

Definition

A wide range of metrics are available to Agile Project Managers to choose from and display various types of progress/ evaluation at both the iteration and release levels. The deeper the Managers understand metrics, the more effectively they will be able to communicate the progress to Project Stakeholders.

Metrics are used in daily meetings, iteration delta tables, release and burn-down charts, progress reports, value management and in running tested features. With metrics, one can also track the iteration back to release.

Further Reading

  • “Agile Project Management”(book), by Jim Highsmith.

Little’s Law | Glossary

Karan Negi Leave a comment

Definition

Little’s Law states that in possession of a stable system, the average number of customers within it, is equal to the average rate of consumer arrivals multiplied by the average time a consumer usually spends in the overall system.

Little’s Law is expressed as L= λW.With ‘L’ as the average number of customers, ‘λ’ being the average arrival rate, and ‘W’ being the average time in the system. This law got it’s name on John Littel, who proposed it in the mid-1990s.

Further Reading

  • “Building Intuition: Insights From Basic Operations Management Models and Principles” (book), by John D.C Little.