Briefly Describe the Story Cards and Task Lists Requirements Documentation

question 21

Essay

Briefly describe the Story Cards and Task Lists requirements documentation techniques. What are some of the advantages of using story cards and task lists as a requirements gathering and documentation technique?

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Definitions:

Variable Costing

A costing method where only variable costs (costs that change with production volume) are included in the product cost, excluding fixed costs.

Fixed Manufacturing Overhead

Costs that remain constant regardless of the level of production, such as rent, utility bills, and salaries for certain employees.

Net Profit

The amount of money that remains after all operating expenses, interest, taxes, and preferred stock dividends have been subtracted from a company's total revenue.

Step-Down Method

An accounting technique used to allocate indirect costs to products or services based on a hierarchy of activities.