Updated SCRUM Model

In SCRUM, how many "iterative development cycles" can there be?

There can be typically a thirty day iterative cycle where risk and change are continually reassessed and readily managed for each iteration.

Can SCRUM be used for projects with small teams of <10 people?

Scrum is ideally for the use of small teams. An ideal estimation is that there should be no more then 10 people in a Scrum team doing the project.

What do you mean by "highest business value features"? Give examples.

Business values are the standard measure of value used in business valuation.It basically means that it would establishes a standard measure of value which are used to determine the worth of the business. Therefo,e a highest business features means that the software would have a very high value of business values when it is established.

Examples of In most software projects, they mostly start without its business value being clearly articulated. Therefore, it is a problem to decide whether they are a success from a business point of view. It is also difficult to decide when the project has completed. Therefore, business value provides a simple measure for determining when to stop a project. So, once the estimated cost of implementing any additional software is greater than the expected business value stated, the project should be stopped until additional value is discovered or the cost reduces.In this way,it ensures that the highest business value is achieved.

I not sure if this is the answer you are looking for,so feel free to give me comments.Thank you.

Done by : Jianxuan