Software Quality Assurance Process and Procedures


Software Quality Assurance in simple terms is a quality check on the software developed to make sure that the software meets the quality standards. Software Quality Assurance is an ongoing process in the Software Development Life Cycle. The quality checks on the software are routinely. Instead of checking the quality of the product after the completion the Software Quality Assurance checks for quality standard in each phase of software development.

Software Quality Assurance are based on one or more industry standards which help in making software quality guideline and strategies for implementation. The industry standards include ISO 9000 and Capability Maturity Model Integration (CMMI).

Anyone involved with software development would like to know “ How can you develop a Career in Software Quality Assurance?”

Since Software Quality Assurance is interwoven in the life cycle of Software development its importance is becoming more evident. Quality Assurance is all about how the software runs and delivers to the end client. Its critical to get it right if you want to make your client happy.

Career path options for Software Quality Assurance professionals:

  1. Product Managers – Quality Assurance professionals are experts at the analyzing the software repeatedly. This process helps them understand the software in great detail. In this competitive world where companies are always coming up with new products, Quality Assurance professionals are the go to people for product development. Product Management is the more natural fit for Quality Assurance professional who can easily diversify and manage product development teams.
  2. DevOps Roles – Quality Assurance Professionals have a holistic approach to Software development process. Developers often lack this holistic approach. So when as the Quality Assurance process moves upstream these QA professionals can easily move and participate in the DevOps role.
  3. Customer Experience Leader- Quality Assurance professionals understand the importance of customer satisfaction. There primary purpose for software testing is to ensure the customer is happy. They understand that the customer comes first. This understanding makes QA professionals great at Customer Experience Leader roles.
  4. Quality Engineering and Strategy – The most natural move form Quality Assurance would be Quality Engineering and Strategy. Quality Engineering has focus not just on quality for each application but the focus is on the quality for the entire system.

iACT Global is a training and certification organisation. They offer courses on Software Quality Assurance. These courses offered would help the QA professionals with improving their chances of developing career in Quality Assurance. With the knowledge acquired through the courses they can also look at diversifying. Giving your career a fresh lease.

Goals and objectives of finance in business

Finance-iACT-GlobalAll businesses in today’s world have one objective in mind – to make money. Irrespective of the size of the organization all businesses are running with the objective of making profits. Goals and objectives of finance in business are to ensure that the organisation achieve its goals of making money by ensuring that the organization as a whole achieve other objectives as well. Other objectives important for the organisation are process, production, people and promotion maximization. Once an organisation ensures that these objectives are met it results in profit for the organisation.

Generally the goals and objectives of finance in business are

Return on Investment- Every business is funded by investment and its imperative for business that the investment grows in the business so that the business can make money. Return on Investment is a financial ratio applied to capital expenditure. The ROI ratio is concerned with two aspects first is the capital investment in terms of property, machinery and vehicles. It’s the objective of the business to generate enough money through these capital investments to justify their purchase cost. Secondly, ROI is also concerned with investments in stocks, bonds and other investment instruments

  • Increasing Revenue Growth – The most basic objective of any business is to increase the revenue. Increasing revenue is achieved by increasing sales and marketing activities. The focus is on top line earnings, which is concerned with earnings before expenses. Most organizations look at setting a percentage increase goal and work hard for achieving that objective.
  • Profit Margins– Profit is concerned with the bottom line earnings. Profit is basically the revenue generated over the sales revenue after deducting the expenses. This Profit can be used to invest in the expansion of the business and also for can be used for distribution among the employees as part of a profit sharing arrangement. Profit goals of an organization are concerned with revenue making sure that the cost are kept low by acquiring raw material at lower price or keeping the cost of production low in order to increase the profit margins.
  • Sustainability – Its also an objective of finance in business to sustain itself in times of economic crisis and turbulence. This objective can be achieved by keeping the debts really low and maintaining consistent income levels.

iACT Global is a education and training organization which helps businesses in achieving financial goals and objectives by providing various Financial management courses which can contribute to long term growth oriented strategy for the business. Enroll now!

Corporate Finance: Nature and Scope

CF_iACT_GlobalMost of you, who are familiar with Corporate Finance, must be aware that corporate finance is nothing but managing the required funding and its sources. CF is also concerned with overseeing and optimizing the proficiencies of the capital structure to enhance the value of the company. One of the main objectives of corporate finance is to maximize the shareholder value in both short and long term. Let’s find out about the nature and scope of CF.

Scope of Corporate Finance

Capital investment decisions are an important part of corporate finance. These decisions include

  • Deciding whether the dividends should be offered to shareholders or not
  • Sanctioning or rejecting proposed investment. If the investment is approved, it is also to be decided whether the company should pay with debt of equity or both.
  • Managing of short term assets and liabilities, investments, inventory control and other short term financial issues by the financial manager

Corporate finance understands the financial problems of a company and prevents them beforehand. It also deals with the financial aspects, promotion and administration of new enterprises.

Nature or Principles of Corporate Finance:

Corporate finance is based on the following three principles:

  • The Investment Principle: According to this principle, the funds of an organization should be invested in such a way to derive maximum return on investment. This investment should be made at acceptable and minimum hurdle rate which depends on the project’s debt and equity. The riskier the project is; the higher will be the hurdle rate.
  • The Financing Principle: According to this principle, one should choose the ratio of debts and equity in such a way so as to attain maximum return on investment and to match the assets’ financial nature. The corporate finance manager has to analyze how to attain the optimum financial mix of debt and equity for the organization.
  • The Dividend Principle: According to this principle, when a business reaches a saturation point where cash flow surpasses the required fund, the corporate finance manager needs to search for alternative sources like dividends, stocks and assets to maintain a balance between the cash flow and required funds.

Thus, after knowing so much about CF, you must be more than eager to enroll for CF Certification at iACT Global. iACT Global is just the place for your dreams to come true. Through iACT Global you can study at your own convenience anywhere and at anytime. So, just enroll now!

The Value Of Business Analytics – Identifying The Path To Profitability

It’s a known fact that decision making driven by data rather than relying on manager’s intuition works far more efficiently. There are numerous studies that back this claim that organizations equipped with Business Analytics perform better than their peers. Business analytics is extremely vital for multi-dimensional analysis, data mining, data management, visual discovery, integration, and statistical methods which will in turn help in increasing profitability of an organization.

Let’s find out what exactly is business analytics. Business analytics is a new discipline which has arisen from the combination of two old disciplines, namely, Business Intelligence and Predictive Analytics.

Business analytics uses the functions of Business Intelligence like finding what happened, how it happened and why it happened. This enables the management to become alert and stop moving in the wrong direction. Business Analytics also uses Predictive Analytics for finding data patterns to forecast what will happen in future.

Application of Business Analytics includes the following steps:

  • operational intelligence
  • strategic and competitive analytics
  • customer acquisition and retention
  • risk management
  • fraud detection
  • demand driven forecasting

To become a profitable organization through Business Analytics, the firm needs to have knowledge about customers, regions, market segments and products which are profitable. Also, the organization needs to identify those market segments, customers, competitors and brands which are responsible for losses and take steps to stop the drainage of cash.

According to Thomas Davenport and Jeanne Harris, there are five stages of analytical competition as given below:

  • Analytically Impaired: Absence of analytical skills
  • Localized Analytics: Uncoordinated activities or silos.
  • Analytical Aspirations: Good intentions with slow progress.
  • Analytical Companies: Widely use analytics internally.
  • Analytical Competitors: Use analytics as a competitive advantage.

Business Analytics is a basic discipline which helps an organization to identify the main causes of issues and outcomes. If the firm takes corrective action and satisfies the needs of customers quicker and better than its competitors, then it can become extremely profitable

Earlier, business analytics was expensive and used to be a part of only popular businesses. But now with a wide range of analytical applications to choose from, even small businesses can afford business analytics.

But still businesses are sometimes clueless about how to utilize business analytics for maximum profitability. You can always boost your business by joining Business Analytics course at iACT Global. Through iACT Global, you can study anywhere and at any time. Thus, for a profitable business, join iACT Global now.

After Demonetisation What Next?

demonetisationThe buzz word is around and making news every nook and corner of the town. Let’s find out some bare facts pertaining to the ‘Demonetization’ phenomenon. Demonetization (Demo’) refers to an economy being replaced by its existing currency followed by channelization of new currency.  So it is more like invalidating the current legal tender. Generally, for ensuring smooth switch over old currencies are allowed to be converted in to the new ones. If we look for examples, European Monetary Union nations agreed to take Euro as their currency. Other countries that went for demonetization included – Philippines, Zimbabwe, Singapore and Fiji.

The ones at the pedestal of the pyramid are using currency primarily to meet their daily needs. The informal sector of the economy like daily wage earners, small traders, laborers tend to use cash frequently. Lack of liquid cash deprives them of their income. The labor cost would be curtailed in case of cash stringency.  Nearly 86% of the circulating currency consisting of Rs.500 and Rs.1000 notes was withdrawn. This withdrawal didn’t have any bulk replacement. The available denomination, immediately after withdrawal was Rs 2000. This made Rs. 2000 more as a store currency rather than as a transaction currency.

Let’s Assess The Impact On Some Of The Sectors Of Indian Economy

Real Estate: Starting with Real estate, a fall in the enquiries to the extent of 40% is witnessed. The secondary market is also stagnant, buyers and sellers are in –‘Wait and watch’ mode.

Auto: The sales at wholesale level suffered less of shock in comparison to the retail sales; however in the two-wheeler rural markets where cash is the primary mover, a sharp decline happened. Telecom: Demand for Smart phones along with the ordinary was hit. Fall in Shipments and inventory pile up signaled the same.

Agriculture: Villages adapted with the demo’ move better, the tax incentive to the tune of 20% offered by GOI further strengthened the situation. Crop planting rather increased w.r.t. previous weeks.

Metals: Construction and Building Infra where steel and other metals like aluminum, zinc etc are used will be adversely impacted, owing to a hit on the real estate sector.

Aviation: One of the world’s fastest growing markets will have a drop in the level of sales. Small town flights where cash is one of the key ingredients may experience negative growth. Falls in bookings were notified post demonetization move.

Tourism: The crest season of November-December were hit badly by the move. Shortage of cash at hotels and airports made the situation worse. Lack of acceptance of credit cards and other payment alternatives at historical sites and monuments made visitors face odds.

Consumer Spending: Organized retails fared better. Impulse and personal product purchased suffered badly. Analysts say – It may take tenure of two quarters to improve the situation.

E-Commerce: Food delivery ventures and grocery store are doing usual. GMV (Gross Merchandise Value) fell by 40% to 50%.

Now looking forward to some solutions- Low interest housing loans with a fall in the corporate tax rate to the tune of 25% may boost the sentiments. Then a surge in the public sector investments may add to the push. The budget could act as a ‘good signal’.

Benefits of CAPM Certification

Benefits of CAPM CertificationBefore I answer the question on how useful is CAPM certification we need to understand what does CAPM certification mean. CAPM (Certified Associate in project Management) is an entry-level certification by PMI (Project Management Institute) for professionals who are serious about Project Management. The certification implies understanding of fundamental knowledge, terminology and processes of effective project management. The certification is beneficial for prospective practitioners who are interested in getting a globally recognized certification. The certification shows to the prospective employers on your keenness to master Project Management.

How useful is CAPM Certification

  1. CAPM certification would provide you with all the skill set to enable you to manage any project.
  2. It will provide you with the knowledge to prepare and execute projects effectively.
  3. Skillset that will help you with planning, execution, monitoring, controlling and completing a project successfully.
  4. CAPM certification would help you take your career to the next level by giving you an edge over your competitors in the field of project management.
  5. Provide you with the ability to manage and handle larger projects and stand out to potential employers.
  6. CAPM is especially beneficial for individual who do not possess a lot of experience in project management. It gives you the knowledge to start off your journey in the field of project management.

CAPM certification offers recognition to practitioners who are keen on starting off their career in project management or individuals who already have some experience in project management but would like to get better at mastering their ability for handling complex and larger projects.

CAPM is useful for aspiring project managers as student who are presently enrolled in college or university and want to have project management certification before they graduate so that they can start applying for jobs can get CAPM certification to apply for entry level project management work just after graduation.

CAPM certification is solely based on the PMI framework as explained in the Project Management Body of Knowledge (PMBOK) and is a relatively easier test compared to PMP (Project Management Professional) and doesn’t require thousand hours of project management experience as required by PMP. So if you are serious about a career in project management and do not want to spend thousand hours in acquiring project management experience than I believe CAPM Certification is your calling. So what are you waiting for?? Go ahead with CAPM certification.

Financial Risk and its Types

financial risk management One of the major concerning factors for all types of businesses across the world is financial risk management. This is the main reason behind the popularity of the Financial Risk Manager Exam. If you are also keen to take this exam, you must know about what is meant by risk and what its various types are. Hence, let’s study about financial risks and its type through this blog.

Definition of Financial Risk

You must be aware that risk can be defined as the possibility of having negative or unexpected results. A firm may have to tackle different types of risk. Broadly speaking, there are three types of risks: financial risk, business risk and non-business risk.

In this blog, we will focus only on financial risk. For every business, financial risk is the highest priority risk. Market movements are the main cause of financial risk. If you enroll at IACT Global for Financial Risk Management course, you will come to know more about these market movements. There are different types of financial risks like credit risk, operational risk, market risk, legal risk and liquidity risk. Let’s discuss each one of them in detail.

  1. Credit Risk: When you fail to complete counter parties’ obligations, this gives rise to this kind of risk. Credit risk can be further divided into:
    • Sovereign Risk: This risk is caused due to tough foreign exchange policies.
    • Settlement Risk: This risk is caused due to failure of a party to meet its obligations while the other party makes timely payment.
  2. Operational Risk: This risk is caused due to technical failures or mismanagement. It is divided into
    • Fraud Risk: This arise due to absence of controls
    • Model Risk: This is caused due to wrong model application.
  3. Market Risk: Price movements cause this type of risk. Market risk can be further classified into:
    • Directional Risk: This risk is caused due to movement in interest rates, stock price etc.
    • Non-Directional Risk: This risk includes volatility risk.
    • Legal Risk: This risk is caused due to lawsuits and legal proceedings.
  4. Liquidity Risk: This risk is caused when you are unable to implement transactions. It is of two types:
    • Asset Liquidity Risk: This risk arises when assets are converted into cash during sudden cash requirement.
    • Funding Liquidity Risk: This is caused due to daily cash flow.
    • After going through these risks, you must be keen to take up the Financial Risk Management course. You can easily register at IACT Global and get Financial Risk Management certification. At IACT Global, you can pursue learning anywhere, anytime.

How to clear the ITIL Foundation exam

IACT GlobalIn case you are thinking of availing the ITIL foundation certificate and that too for the first time, you must go through this blog. We will discuss some tips in this blog which will help you in nailing ITIL foundation exam and attaining the most sought after ITIL foundation certificate.

Practice a lot

  • Practice is the most important weapon that will help you clear the ITIL Foundation exam. You need to attempt all the sample questions without looking at the answers. This will help you evaluate yourself and get the knowledge about where you stand. Try to time your practice session; this will help you in time management during the actual exam. As the time duration of the ITIL Foundation exam is sixty minutes, you need to practice accordingly. Don’t fail due to bad time management. At IACT Global, we give you lots of practice and make you an expert of all sample questions. IACT Global equips you with adequate knowledge and proper time management skills to nail the ITIL foundation exam.
  • Be familiar with ITIL terminology

    ITIL course is loaded with lots of terms and abbreviations. If you are attempting the ITIL Foundation exam for the first time, you will find these a bit difficult. But by enrolling at IACT Global, you can always be assured to learn these terms and the relationships between them quite easily.

  • Read each question carefully

While giving the actual ITIL Foundation exam, be sure to read all the questions carefully and understand them while taking your own time. You may have to read them twice or thrice to really understand. If a question is in negative, be sure not to miss out the “not”, otherwise you will answer it in a completely wrong way in a hurry. There are also some tricky questions which contain words like “always” or “never”. Try to answer them correctly. Also, don’t be overconfident about short questions as they require your time and understanding as well.

  • Use the knowledge gained form ITIL training

    Last but not the least, don’t stress out. Use whatever knowledge you have gained from ITIL training. Don’t attempt the questions based on your earlier work experience and knowledge. While giving the ITIL Foundation exam, remember that it is an assessment of your understanding of ITIL principles, functions, concepts and processes.
    But you need not worry of all these things because we at IACT Global make you well trained in all aspects of ITIL Foundation exam and equip you with all the weapons necessary to acquire the ITIL foundation certificate.

Recipe for successful Big Data Analytics Career

Big Data Analytics CareerBig data is seeing a tremendous activity these days. But merely investing money in technology is not sufficient for big data success. You need to keep in mind the below mentioned three key ingredients for the recipe of successful big data analytics career:

Desirability: This means identifying the problem which needs to be resolved. It may be a known or unknown problem or both. Businesses should focus on the correct problems while developing their solutions.

Feasibility: It refers to finding the tools and skills resources to tackle the problem. Tools for tackling the problem are of two types:

  • Data Lakes: Data Lakes are storehouses of data. After identifying the problem, collect appropriate data and create data lakes. Data lakes contain data in structured, semi-structured and unstructured forms.
  • Open Source Tools:These tools have a wide range of capabilities including predictive analysis, insights and forecasting, etc. Open source tools assist in codifying and automating operations thus decreasing the need of human intervention and that too at an affordable cost.

Automation of data management is the most important skill resource in big data analytics. It gives freedom to people resources by eliminating low-level manual processes. These freed resources can contribute to other valuable processes. The basic use of automation is to analyze data and find anomalies at a very fast rate.

Viability: This means measuring the problem’s business value for the enterprise. The problem should be viable enough to find its solution.

Now, you have the recipe for successful big data analytics career and you are ready to go!!

 How can Big Data Analytics Certification help your Career?

 iACT Global offers you a course in Big Data Analytics in association with IBM which will further enhance your skills in problem solving abilities. Armed with iACT Global Certification and Training, you can upgrade your career and reach new horizons. Hence don’t wait, just enroll for iACT Global Certification and Training.

Building a smart phone application of your business! Challenges and Opportunities

56413Increasing number of companies are coming out with their mobile applications to reach to customers.  Creating a mobile application for your business is not difficult. What is more difficult is to integrate your operations and backend infrastructure with your application platform.

When a customer orders a product or service from your mobile application, the entire supply chain should get activated with that order. The IT infrastructure plays an important role in communicating information of this order across the supply chain. The operations team gets the order; packs it; transports it and gets it delivered to the address of the customer. The transportation and delivery part are nowadays being increasingly outsourced to third party logistics vendors.

While designing the application of your business, you should try that customer service is improved because of this application. You can do so by minimizing the number of steps that a customer has to go through for completing the purchase transaction. Smartphone applications can be successful in increasing market penetration of your business only if they increase customer convenience in some way.

When a customer places the order of a product through the smartphone application of your business then he/she expects faster delivery of the product. So the operations and supply chain of your business also need to become more agile to support your application channel distribution strategy.

The smartphone application should give customers the convenience to provide their feedback on the quality of product and customer service delivered. A dedicated customer service team should be there to readily address any grievance or issues that customers raise through the application.  This will go a long way in improving customer service and will encourage more customers to download the application of your business and use it for ordering your products or services.

According to data from eMarketer number of smartphone users in the world, by the end of 2014, were 1.75 billion. India has the third largest smartphone market in the world ,with 315 million users, by the end of third quarter of 2015. With the continuing decline in prices of smartphones, the penetration of smartphones in India will increase further. The penetration of smartphones in rural markets of India is increasing very fast. Therefore without a mobile application, a business may lose on huge opportunities of increasing revenue growth and market share.

A holistic smartphone application strategy can play a very important role in improving customer service and satisfaction. Such a holistic strategy is underpinned on integrating your mobile application with your operations and IT infrastructure