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Yet another acronym! Web development and architecture has a tonne of jargon- so please hang in there. As a PM its important to be aware of these terms but its ok if you don't understand this stuff entirely. With time and experience you will eventually get the hang of it- its a natural part of the learning process. 😀
API- Application Program Interface
Data & Decisions
Present Value and Future Value
Sensitivity analysis is a way to predict the outcome of a decision if a situation turns out to be different compared to what the team expected or predicted. In more statistical terms, its a method used to determine the impact of different values of independent variables on the dependent variable. The video below explains sensitivity analysis in addition to some other common techniques.
Products in Action
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