What is Monte Carlo? In simplest terms, Monte Carlo is running an experiment multiple (often tens of thousands of times). We use random paths through the future using the past as a model to figure out what is the likelihood of different outcomes. The Inputs The key metric we use for MC is Throughput. This …
What is Kanban? Let us take a look at the Kanban Guide definition – ‘Kanban is a strategy for optimizing the flow of value through a process that uses a visual, pull-based system’. The focus of Kanban is flow. It pushes you to figure out how we can optimize value moving through a process. Kanban …
The internet is probably filled with multiple definitions of Kanban. Most of them contradicting each other. It also seems that most folks have their own (mis)understanding of what Kanban is. We, at ProKanban.org, base our understanding of Kanban both on classic texts (works of Dr. Little, Shewhart, Deming etc.) as well as our own day …
Imagine that we are setting up a world basketball tournament. You are given first pick to draft players for your team and you end up with the line up in the picture below –
Conway’s Law In 1968, Melvin Conway wrote the paper “How Do Committees Invent”. One of his observations in that paper (among numerous interesting ones) was declared Conway’s Law. Conway’s Law states — Any organization that designs a system (defined more broadly here than just information systems) will inevitably produce a design whose structure is a copy of …
