Agile methodology is an approach to project management, typically used in software
development. It helps teams respond to the unpredictability of building software through
incremental, iterative work cadences, known as sprints. But before discussing agile
methodologies further, its best to first turn to the methodology that inspired it: waterfall, or
traditional sequential development.
Rational Unified Process (RUP) is an object-oriented and Web-enabled program development
methodology. RUP are comprehensive software engineering tools that combine the procedural
aspects of development (such as defined stages, techniques, and practices) with other components
of development (such as documents, models, manuals, code, and so on) within a unifying
framework. RUP establishes four phases of development, each of which is organized into a
number of separate iterations that must satisfy defined criteria before the next phase is
undertaken.
In the inception phase, developers define the scope of the project and its business case in the
elaboration phase, developers analyze the project's needs in greater detail and define its
architectural foundation; in the construction phase, developers create the application design and
source code; and in the transition phase, developers deliver the system to users.
System Requirements Specification A structured collection of information that embodies the
requirements of a system. A Business analyst (BA), sometimes titled System analyst, is
responsible for analyzing the business needs of their clients and stakeholders to help identify
business problems and propose solutions. Within the systems development life cycle domain, the
BA typically performs a liaison function between the business side of an enterprise and the
information technology department or external service providers.
User Requirements Specification describes what users require from the System. User
requirement specifications are written early in the validation process, typically before the system
is created. System owner and end Users, write the user requirement, with input from Quality
Assurance. Requirements outlined in the URS are usually tested in the Performance
Qualification. User Requirements Specifications are not intended to be a technical document;
readers with only a general knowledge of the system should be able to understand the
requirements outlined in the URS.
Bonds: A debt instrument issued for a period of more than one year with the purpose of raising
capital by borrowing. The Federal government, states, cities, corporations, and many other types
of institutions sell bonds. Generally, a bond is a promise to repay the principal along with interest
(coupons) on a specified date (maturity). Some bonds do not pay interest, but all bonds require a
repayment of principal. When an investor buys a bond, he/she becomes a creditor of the issuer.
However, the buyer does not gain any kind of ownership rights to the issuer, unlike in the case of
equities. On the hand, a bond holder has a greater claim on an issuer's income than a shareholder
in the case of financial distress (this is true for all creditors).
What Does Mutual Fund Mean?
An investment vehicle that is made up of a pool of funds collected from many investors for the
purpose of investing in securities such as stocks, bonds, money market instruments and similar
assets. Mutual funds are operated by money mangers, who invest the fund's capital and attempt to
produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured
and maintained to match the investment objectives stated in its prospectus.
What Does Annuity Mean?
A financial product sold by financial institutions that is designed to accept and grow funds from
an individual and then, upon annuitization, pay out a stream of payments to the individual at a
later point in time. Annuities are primarily used as a means of securing a steady cash flow for an
individual during their retirement years.
Mortgage is a loan secured by a property/house and paid in installments over a set period of
time. The mortgage secures your promise that the money borrowed will be repaid. For most of us,
a mortgage is the largest and most serious financial obligation we ever make. There are many
different types of mortgages, each with its own advantages and disadvantages, it is very important
that you do your research. Remember that many people were impacted by predatory lenders and
given mortgages that they could not sustain during the housing crisis of the last two years.
Understanding these differences will enable you to choose the right mortgage for your financial
situation and housing goals.
[Link] is an online investing company with operations in San Francisco, California and
Pasadena, California. Investors on [Link] have access to Zecco Trading, its stock, option,
mutual fund and Bond trading platform. Investors also have access to Zecco Forex, which
provides spot foreign exchange trading as well as spot gold and spot silver trading. It also
operates a financial community, ZeccoShare, where members can share investing ideas and view
others' verified trades and performance taken directly from the brokerage. Zecco Trading initially
provided customers with commission free stock trades (its name having been derived from zero
commission cost).
What Does Stock Mean?
Stocks are type of security that signifies ownership in a corporation and represents a claim on part
of the corporation's assets and earnings. There are two main types of stock: common and
preferred. Common stock usually entitles the owner to vote at shareholders' meetings and to
receive dividends. Preferred stock generally does not have voting rights, but has a higher claim on
assets and earnings than the common shares. For example, owners of preferred stock receive
dividends before common shareholders and have priority in the event that a company goes
bankrupt and is liquidated.
What does Option means?
Option is a contract to buy or sell a specific financial product officially known as the option's
underlying instrument or underlying interest. For equity options, the underlying instrument is a
stock, exchange-traded fund (ETF), or similar product. The contract itself is very precise. It
establishes a specific price, called the strike price, at which the contract may be exercised, or
acted on. And it has an expiration date. When an option expires, it no longer has value and no
longer exists.
GAP Analysis is technique for determining the steps to be taken in moving from a current state
to a desired future-state. Also called need-gap analysis, needs analysis, and needs assessment.
Gap analysis consists of (1) listing of characteristic factors (such as attributes, competencies,
performance levels) of the present situation ("what is"), (2) cross listing factors required to
achieve the future objectives ("what should be"), and then (3) highlighting the gaps that exist and
need to be filled.