6. What are the principles of agile methods? 27. What are the Components of a Strong Value Proposition?

Pareto chart (80-20 rule)

As a quality control tool, the Pareto chart operates according to the 80-20 rule. This rule assumes that in any process, 80% of a process’s or system’s problems are caused by 20% of major factors, often referred to as the “vital few.” The remaining 20% of problems are caused by 80% of minor factors. 
A combination of a bar and line graph, the Pareto chart depicts individual values in descending order using bars, while the cumulative total is represented by the line
35.What is Expected monetary value?

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  Expected Monetary Value (EMV) – a method used to establish the contingency reserves for a project budget and schedule.
  
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  What is Expected Monetary Value? Expected monetary value is a statistical technique used in risk management. It's a way of quantifying the expected loss or gain from undertaking a project, given the probability of different outcomes. Probability is the chance of a certain outcome occurring and can range from 0–100%.
  
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  The expected value (EV) is an anticipated average value for an investment at some point in the future. Investors use expected value to estimate the worthiness of investments, often in relation to their relative riskiness. Modern portfolio theory (MPT), for instance, attempts to solve for the optimal portfolio allocation based on investments' expected values and standard deviations (i.e., risk).
  

36.What is Project Planning: Tools and Fundamentals?

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  Step 1: Ideation // Ideation is the process where you generate ideas and solutions through sessions such as Sketching, Prototyping, Brainstorming, Brainwriting, Worst Possible Idea, and a wealth of other ideation techniques. Ideation is also the third stage in the Design Thinking process.
  
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  Step 2: Product Definition//  A product is the item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price. The price that can be charged depends on the market, the quality, the marketing and the segment that is targeted.
  
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  Step 3: Prototyping Step // Prototyping is a foundational process for developing a new product through the physical representation of an idea.
  
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  4: Detailed Design Step
  
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  5: Validation/Testing Step
  
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  6: Commercialization// Commercialization refers to the process of bringing new products and services to market. It involves planning the entire front-end of your business. This process includes branding, productization, packaging, marketing, sales, distribution, service, and support functions as a whole program of related activities.
  
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  Controlling