Key Practices - Funding that enables innovations
6 important questions on Key Practices - Funding that enables innovations
What are the difficulties concerning funding and DevOps?
- Funding is build as a yearly cycle
- project based funding
In DevOps how should funding be adressed?
Describe the process of Jez Humble of allocating funds to a team working on a product.
- Orient stage: Search and evaluation of an idea without spending time and resources on the development of an accurate and complex business model
- explore stage: allocation of fixed time and budget; team building, development of a minimum viable product (MVP)
- Exploit stage; in case the product is attractive, preservation team, expansion of funding, product development, search for additional opportunities.
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- Never study anything twice
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Name the characteristics for a minimum viable product.
- Customer should want to buy the product
- customers should be able to understand how to use the product
- the ability to produce the product in case the decision to do so is made.
Why doesn't traditional project management works for modern IT work?
- The product to be delivered cannot be defined in advance and will change will change while doing the work
- after the project it will start a lifecycle where improvements and corrections will be made
- DevOps teams are not dismissed
Who is the author of the term MVP and how does he describes it?
A strategy of investing the minimum possible resources to obtain through testing and training the maximum possible new information for making a decision based on objective data: continue in the same direction, to change the course or to discard the idea.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
