A good practice is to split your backlog into the work that you have committed to doing in the near future, and work that you may do someday.
If you use something like Trello for managing your backlog, keep these as separate lists. The someday list consists of tasks that you may want to promote to your backlog at some point of future, if you get more detail or you start to explore a broader set of feature possibilities.
It is a home for all those interesting ideas and low-priority features that you want to keep, but which do not require your immediate attention.
Instead, prune it periodically by deleting the tasks that no longer seem relevant or feasible. Your someday list should be somewhat stable in size, not ever expanding.
When properly maintained, it can be an invaluable resource to have when choosing what to do next for your product. If not, then perhaps it was meant to go. Definition of Done, or DoD, is the acceptance criteria that ensures that the tasks, once completed, are truly done, not only in terms of functionality but in terms of quality as well.
Definition of Done is stated as a set of rules like:. An explicit completion criteria can also reduce the ping-pong effect, which happens when QA has to repeatedly re-open the already completed task due to some unmet criteria see step 1 above — define and refine your workflow. Preferably somewhere close to the visualisation of your workflow. These are all valuable things to know! Multitasking kills efficiency.
When you overload any system, total output will go down. When you overload people with work, throughput slows and the number of defects increases. But how do you fight the creep of multitasking? To start with, you can reduce your cycle times by having fewer tasks in progress at the same time. Consider setting WIP limits to your workflow. They should be taken as guidelines and warning signs rather than absolute rules.
Consider breaking tasks down to a size where there is a constant and steady flow of work across your board. Will you be releasing on time? A key principle of processes like kanban is to visualise your work. No need to distract the team by asking for status updates. Electronic tools like Jira or Trello, while great for tracking your work, are hidden away, and you generally have to go looking for them.
While GAAP accounting rules are strictly uniform when it comes to consolidated financial statements, other features that can materially affect those consolidated results, like computer software depreciation, are more arbitrary.
Not all assets are the exact same, and many have different utility and length of usefulness or useful life. Depreciation, in its most simplest explanation, is the spreading out of the cost of a big expense for a business. You may also hear the word depreciation incorporated with amortization, which is essentially the same thing as depreciation but for intangible assets.
A more traditional physical asset, such as a piece of equipment or machinery used to manufacture products, breaks down over time as its parts get old—and must eventually be replaced. Even a non-physical, or intangible asset, can lose value over time—a brand may become less popular with younger consumers, or a proprietary technology may lose value as emerging tech takes its place.
As such, companies need to reflect this reality in their financials, and so they depreciate the asset on the balance sheet over time. This reduces its value on the balance sheet as years goes on. Remember all accounting must reconcile, and so changes in the balance sheet need to be reflected in other financial statements. To reconcile this particular loss in value, the company takes a depreciation expense on its income statement.
Say that a company wanted to expand its bubble gum producing capabilities for its wildly popular new branded gum. The company actually did earn a profit this year, and even though they are sacrificing the benefits of those profits now say, with a dividend to grow the business with their large asset purchase, they were still profitable.
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