Database Reference
In-Depth Information
Low cost of acquisition is a synonym for
low cost of failure
. When we add up all of
the unknowns for the project, we find out that we have a fairly good chance that the
first iteration will not meet the market needs, and we need to have a way to jettison it
quickly without long term contracts and additional costs of spinning up a new project.
This allows the project manager to move on to the next version using lessons
learned from the consumer after the first version. Hopefully, this lesson in user ac-
ceptance will come at a very low cost, and the project will then begin to thrive the
following version of this is bold (so are the versions on page 7) and begins a new
paragraph - these should be consistent don't hang the success of the project on get-
ting the first version perfect. You won't.
