Transferable skills (TS) are important in workplace. TS is an ability or expertise which may be used in a variety of roles or occupations. For example I have skills of communication, Analytical and Team working skills which are really important in the workplace.
These skills especially Communication helps you to standout among others and helps you to share your knowledge and ideas. Also Team working skills help you to work collaboratively with others at workplace. Team working skills are very important in current context as at workplace most of the projects are done in cross functional teams. Having good team working skills helps you to adopt to any team environments and share your ideas. Also it helps you to understand and respect other's ideas. Analytical skills also plays a important role in workplace. Analysing requirements and situations and being able to provide relevant solutions is a helpful skill.
Depreciation or Appreciation of AUD will directly impact the company in the IT industry. Especially any devaluation of currency will increase the cost of computer parts imported from other countries increasing the cost for the IT firms. Also any positive fluctuation of the currency will be advantageous for the company in terms of cost savings and procurement of IT inventory. Also appreciation of currency will provide higher incomes to the company in terms of providing IT services to other countries.
Economic growth:
Higher economic growth in Australia will increase investments to the IT industry resulting a boom within the industry. This will facilitate high revenues and investments in innovations, Research and development in the industry. The IT companies will have more funds to pump to new innovations resulting in growth of the industry. Indirectly it will result in high employment opportunities in the industry.
Taxes and Tarif:
Favourable tax rates on IT equipment and parts will result in reduction in cost to the IT companies to source resources. Benefits can be obtained from suppliers on IT products such as chips, physical storage devices and computer parts. Tax reliefs on IT industry will encourage the companies to invest more and will promote more funds circulating in the industry.
"Agile was developed as a flexible method that welcomes incorporating changes of direction even late in the process, as well as accounting for stakeholders’ feedback throughout the process" (Forbes.com).
Team works in phases in agile and deadlines are short. This is an incremental and iterative approach. Agile is done in sprints and allows requirements to change over time. This will help to incorporate feedback from the stakeholders.
Benefits of Agile
Flexible with the change
Efficient communication and empower team to make decisions
Customer focused approach
Fast Software development life cycle
Waterfall Methodology
"Linear form of project management ideal for projects where the end result is clearly established from the beginning of the project. The expectations for the project and the deliverables of each stage are clear and are required in order to progress to the next phase" (Forbes.com). This method will provide you with clear plan from start to end. Each phase should have deliverable to start the next phase.
Benefits of Waterfall
Easy costing
Progress can be measured clearly
Team roles are defined well
Scope of work is defined well
Comparison of Agile and Waterfall
Agile
Waterfall
Plan for sprints
Start to finish project plan
Teams
of 3-9 people
Large
teams
Change is accepted
Resist to change
Frequent
customer involvement
Occasional
customer involvement
These each method is different and can be utilised in different situations. If project outcomes are clear from the beginning, best fit would be waterfall methodology. whereas Agile is a suitable method for is project is conducted in fast changing circumstances and the final deliverable is not clear for the team. Currently agile methodology is widely used due its flexibility in many projects.
