Hey guys, welcome to EduHubSpot PMP Mindset video series. In this video I am going to talk about
success measurements on the predictive projects and on the agile projects, how they differentiate,
how they both are different. In order to do that, you've got to need this PMP mindset tool. How
will you get this tool? I'm going to explain this to you at the later stages of the video,
but before that, we will go into the concept right away. Don't worry, you'll get this tool for
free of cost. So when you are on the homepage of the tool, click on success measurements.
Okay, let's read. So on the traditional projects, predictive projects, the success measurement is
focused on whether the project was delivered on time, budget, and scope. So that's how a
success is defined. Working product typically not available until at least the testing phase.
So on the traditional projects, which is mainly focused on three things, did you
complete the project on time or not? Was your project under budget or not? Did you manage to
complete the entire scope or not? That's how the success is measured on the traditional project.
Let's talk about the agile. Agile projects are focused on end user outcomes, end results,
and high quality increments delivered quickly. So working product is typically available in
the early phases of the project? Exactly. So the working product,
you will typically get it, early phases, you can see the quality,
you can value the product in a much more better way as compared to the traditional projects and
the agile is more about value creation. It's not about whether you completed on time or budget or
did you complete all the scope or not. It's all about value. And what do I mean by that is if,
let's say you documented a hundred requirements and you prioritize those hundred requirements,
now you started doing the project and at the end stages of the project, you find out that,
you know, the last 10 requirements are not giving any value. So as per the Agile project, you will
skip those, you will not do that. But if you do the same thing on the traditional predictive side,
your project is considered to be not successful because you did not deliver the entire scope.
But on the agile side, your project would be still considered a success because you
provided that value. So that's the difference between the traditional and the agile projects.
So let's see, let's read the question. You're assigned for a short duration to
an agile project with another colleague of yours to handle the development of a module.
You both saw that agile team is tracking the team's velocity over iteration. Which one of the
following statement is not true with respect to velocity? So first of all, you need to know what
is velocity. I mean, velocity is, is basically the number of stories you completed, like the number
of story points you completed in one particular iteration. That's how you calculate the velocity.
Okay, now let's see. Option A, velocity helps to calculate the team member's performance. Velocity
is not about a specific person's performance, it's actually about team's performance. And really,
I mean you should not use velocity to, to talk about the performance because it can vary on
very other factors. This is agile project. So A is definitely an incorrect statement.
And the question is also about which of the following is not true. So A looks
like the correct answer to me, but let's see. B, velocity tells how much work team can finish.
Exactly, So based upon the velocity, you can very well estimate how much work the team can finish
and in how many iterations, so that is good. That's a correct statement, but the question is
about not a true statement. So these are correct statements, so this should be wrong answer choice,
and you can see that wrong answer choice. C, velocity helps to measure the team's
performance. As I told you, velocity is about team, it's not about an individual member. So yes,
velocity can help you to measure the team performance. It's a correct statement once
again. But again, you should not use velocity to measure the team performance. You should not. Yes,
you can use velocity to measure the team performance. That's a correct statement.
But the question is about not a correct statement. So you double click on option
C and you can see it's a wrong answer choice. Let's see, option D. Velocity helps in creating
a realistic release plan. Exactly, It'll help you to create a realistic release plan
and based on how much story points you have completed, you can have a realistic release
plan. So that's a correct statement as well. So this should be the wrong answer choice again.
So the only answer choice which is left is your option A, which was an incorrect statement and
the question is also talking about not true. So option A is the correct choice.
You can click here to see the answer explanation, and you can click on this
video to understand the question in detail where I've explained the entire question once again.
Okay, I've added another question on the same concept, but once again,
I'm not gonna do that for you. I want you guys to do it, practice it, use this tool. And how
you can do this is by going back to the homepage. How to get this tool for free of cost. Just go on
my website, www.eduhubspot.com. When you go on my website, you will see two options over there,
either bottom right hand side, you will see an option of chat, like click on that chat option,
talk to one of my team member, or you request a demo, book a demo and you will directly, based
on the timeline, you can connect directly with one of my team member and they're going to set
up a 30-minute zoom call with you. Now, what is the purpose of this zoom call? They are going to
explain you how to use this tool. They are going to understand your background, what you are doing,
how you are doing in your studies, and they will give you some pointers. After the end of that zoom
call, they are going to email this mindset tool for you free of cost. If you are my student or if
you are not my student, you will irrespective of that, you will get this tool free of cost.
Only thing I ask from you is go on my website and talk to them. Give us those 30 minutes,
because ultimately I want to make sure that I am impacting your life, not just by
helping you pass the PMP exam, but you know touching your hearts. That is my end goal.
And please don't forget to like and subscribe to my YouTube channel because I am going to explain
this entire 15 concepts, everything. Like before the real PMP, you have to watch these 15 sections,
wear your PMI hat in order to pass this exam successfully and don't forget to send
me an email when you pass this exam because these emails helped me a lot. It motivates
me a lot to make something as beautiful, like something like PMI mindset tool, which I did.
I hope you guys like my video on success measurement. My next video is about budget
and schedule on the traditional projects and on the Agile projects. So stay tuned
for that. On the other hand, you can watch my most favorite video. Thank you.