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Equidem Report Fingers Qatar, not European Contractors

Quatar World Cup

By Duggan Flanakin

On November 10, 2022, less than two weeks before the start of the Qatar World Cup, a London-based organization, Equidem, released a report on working conditions at the soccer stadiums’ construction sites. The report has attracted substantial media interest, with the migrant workers’ issue already in focus. The 75-page report alleges that migrant workers at World Cup stadium sites in Qatar have faced discrimination and exploitation and calls for urgent action to protect labor rights. 

But Equidem’s report has severe flaws. It is marred by obvious factual failings and a biased viewpoint. It is superficial and misleading. 

Blame Qatar for everything

Equidem was first established as a limited company in 2018 under the name Equidem Research and Consulting. In May 2021, a charity called Equidem was also incorporated in the UK.

Equidem released its first report in November 2020. It was mainly about the impact of Covid-19 on migrant workers in Qatar. Since then, Equidem has published three more reports. Two of them were about Qatar.

The November 2022 piece was supposed to be about the “major construction firms building stadiums.” Curiously, like the other Equidem papers, this report heavily implies that the government of Qatar is responsible for human rights abuses. 

How leading European companies were labelled as Qatari-owned

Most major project contractors of a World Cup stadium were not local companies, as Equidem suggests,  but large multinational corporations. 

Six Construct Qatar and Joannou & Paraskevaides Qatar WLL are accused of several human rights violations (nationality-based wage discrimination, barriers to advancement, physical violence, verbal abuse, and absence of safe procedures to report rights violations at work). 

Equidem fails to mention that both Six and Joannou & Paraskevaides are not Qatari-owned companies but subsidiaries of large European corporations. Cyprus-based Joannou & Paraskevaides was the main contractor of  Education City Stadium. Six Construct is a subsidiary of Besix Group, Belgium’s largest construction company. Besix was a contractor at Al Janoub Stadium and Khalifa International stadium.

The main construction contractor of Al Janoub Stadium and Khalifa International stadium was Vienna-based Porr, one of the leading construction companies in Europe. Porr is not even mentioned in the report. On the other hand, the report refers several times to Salini Impregilo, the main contractor of Al Bayt stadium. Equidem does not mention that Salini Impregilo (currently Webuild) is an Italian company.

The inexisting construction firm on the Khalifa Stadium

Equidem claims its investigations “documented significant labour and human rights violations at all eight FIFA World Cup Qatar 2022 stadiums.” These investigations, Equidem says, consisted of interviews carried out between September 2020 and October 2022 with 60 migrant workers employed at various stadiums.

But some data are obviously incorrect. For example, Equidem states it documented practices of “wage theft” (unpaid overtime, non-payment of severance) and “nationality-based wage

discrimination” at the Khalifa International Stadium. The accusations are based on an interview with “a Bangladeshi worker employed by Salini Impregilo Group on Al Bayt and Khalifa International Stadiums.” The same employee of Salini Impregilo is cited multiple times for various claims of rights violations at Khalifa Stadium: barriers to advancement, non-payment or underpayment of severance, and excessive work.

The simple truth is that Salini Impregilo has never worked at the Khalifa International Stadium.

The two “all-knowing” Bangladeshi security guards

Many of Equidem’s findings on work conditions on the stadiums’ construction sites came from interviews with workers who were not engaged in construction.

The most quoted workers are two Bangladeshi security guards employed by the same company in three different stadiums. 

One of the security guards is mentioned eight times within the report as a source for Equidem’s conclusions on inadequate nutrition, inability to leave the employer and seek alternate employment, absence of safe procedures to report rights violations at work, health risks on stadium sites and in transit to work, barriers to promotion and advancement, understaffing and overwork, excessive heat and cold, creating a captive workforce. 

The other is quoted seven times as a reference for occupational injuries, barriers to promotion and advancement, invisible workers and rights violations, understaffing and overwork, excessive heat and cold, inability to obtain and afford nutritious food, creating a captive workforce.

Buried in the report is the caveat that the “srious human rights abuse” at the hands of “major construction firms building stadiums” occurred “despite labour reforms by the Qatar government and measures by FIFA and its partners set up specifically to protect migrant workers from abuse.” Only four of the contractors even bothered to respond to Equidem inquiries, and all denied all of the allegations made by Equidem’s interviewees.

While the abusive treatment of migrant workers at the construction sites of the World Cup is undeniable, finding accurate and reliable data on the issue has been a big challenge. But the lack of information should not be used as an excuse for creating and sharing an inaccurate and misleading report.

About the Author

DugganDuggan Flanakin (M.A., Public Policy, Regent University; B.A., History, Louisiana State University) has a long career as a journalist, poet, policy analyst, and advocate for human rights. An expert on environmental, energy, economics,  and education policy, Flanakin has maintained a keen interest in the developing world. His writing can be found at Townhall.com, International Business Times, Real Clear Energy, European Times, The National Interest, and many others.

List of Upcoming IPOs in India

IPOs in India

Something new happens every day around the world, and some of them are just mind-blowing. There is also another place where new things take place every day, and these new movements bring in drastic changes. We are talking about the IPO market and the new companies that go public all the time. What a lot of changes they bring forward – don’t they?

Before that –

What is the Meaning of an IPO?

The Initial Public Offering, or IPO, is a one-of-a-kind process that allows a private firm to become a public company by issuing shares. The issuance of public shares allows the company to raise capital while also providing an outstanding chance for the general population to invest and earn returns on that investment.

A private company expands at first with its early investors, founders, and stakeholders. When a firm achieves a specific goal, the management realizes that it is stable enough to handle SEC (Securities And Exchange Commission) laws, grow, and diversify utilizing money from the general public; the company decides to issue an Initial Public Offering. Through this, the general public is given a stake in the firm in the form of shares.

New IPOs are Coming Out Right Now!

In India, 2021 has been an exceptional year for initial public offerings. In 2021, the market saw a record number of enterprises listed. This has been made feasible by the government’s pro-business policies, as well as fast digitization. There has also been a continuous growth of participating investors.

Experts predict that the IPO market will see a similar surge in 2022. Let’s look at some of the future IPOs that investors are anticipating.

Here is some of the upcoming IPO list you would like to see to know:

  • Arohan Financial

Arohan Financial specializes in offering microfinance solutions to unbanked people. It has filed an Rs. 1,800 crores DRHP with the market regulator. This includes Rs. 850 crores in new equity shares. The remainder would be made up of secondary components totaling 2,70,55,893 shares.

  • Mobikwik

MobiKwik, a leading digital payment provider, has filed for an initial public offering (IPO) in July 2021. MobiKwik IPO would be a combination of a fresh equity share issue of Rs. 1,500 crores combined with an offer for sale by chosen promoters and shareholders for Rs. 400 crores. Currently, the platform serves 3 million retailers and over 120 million customers across the country.

  • Penna Cement

Leading cement company Penna Cement is planning to generate Rs. 1,550 crores through its first public offering. This IPO would consist of a new share offering for Rs. 1,300 crores and an OFS worth Rs. 250 crores. It has already received approval from SEBI to launch its IPO. Penna Cement has a substantial presence in Eastern and Southern India, with a manufacturing capability of around 10 million tonnes per year.

  • Fincare Small Finance Bank

Fincare Small Finance Bank filed for an IPO in the month of May 2021. This IPO will be a combination of new share issuance worth Rs. 330 crores and a share sale for Rs. 1,000 crores. Between FY18 and FY20, it also had the highest growth rate in India among all small financing entities.

  • Pharmeasy

API Holdings, the parent company of India’s top digital healthcare platform PharmEasy, has filed for IPO in November 2021 with market regulator SEBI. The PharmEasy IPO will be worth Rs. 6,250 crores. This will be a completely new share offering. This IPO will not result in any shareholder or investor selling their position in the company.

  • Bajaj Energy

Bajaj Energy is a private key operator in the thermal power generation industry. Its total capacity is 24,330 MW. The company wants to raise Rs. 5,450 crores through this IPO. The Bajaj Energy IPO would include a fresh issue share of Rs. 5,150 crores as well as an offer for the sale of Rs. 300 shares.

  • Gemini Edibles and Fats

Gemini Edibles, one of the biggest manufacturers of sunflower oil, will raise Rs. 2,500 crores through an initial public offering. It will be purely an offer for sale, and the business would not get any proceeds from its public offering. One of the biggest investors selling shares worth Rs. 750 crores is Golden Agri International Enterprises.

  • ESAF Small Finance Bank

ESAF Small Finance Bank, founded in 2016, is one of the newest members in the small finance market. However, it has grown rapidly in the last four years, with over 400 outlets spread over India. The primary issue for the Rs. 998 crore ESAF Small Finance IPO would be Rs. 800 crore. The remainder will be an OFS from significant investors such as PNB Metlife and Bajaj Allianz.

  • VLCC Healthcare

VLCC Health Care is one of India’s most well-known health and beauty companies. It filed its DRHP with the market authority for its IPO in September 2021. This IPO will include a new share issue of Rs. 300 crores, as well as an offer for sale from existing shareholders and promoters. The profits from its first public offering will be used to establish new wellness centers in India and the Gulf area.

  • Century Metal Recycling

Century Metal Recycling has filed with the market regulator its DRHP for a public offering. It is India’s largest recycling company in the aluminum recycling business. With an annual production base of 2,18,000 metric tonnes, CMR is also the largest manufacturer of aluminum and zinc die-cast alloys.

Conclusion

This is just a small part of the whole part, given that it is much easier to go public these days; there are a lot more companies that go public quite often. But, once you know these few, it gets easier to know about the rest.

Hassle-Free Moves for Your Business with Experienced Commercial Movers

commercial mover

Moving your business can be a stressful and time-consuming experience, making it important to have the right commercial movers to help the transition go as smoothly as possible. 

Experienced commercial movers can help you make a hassle-free move that will save you time, money, and energy. With years of experience in the industry, Vancouver commercial moving companies can provide comprehensive services to ensure your move goes smoothly. From help with planning and packing to providing the right equipment for the job, commercial movers can help you stay on track, on budget, and on time with your move. 

In this blog post, we will discuss the benefits of working with experienced commercial movers and how to find the right mover for your business’s needs. We will also provide tips and advice on making your move stress-free and ensuring your belongings arrive safe and sound. With the right movers and the right plan, your business move can be a smooth and organized process.

1. Determine Your Moving Needs

Before you even contact a commercial mover, it’s important to know what you need. List out all your requirements and the services you’ll be looking for from the commercial mover. 

This includes weighing the cost of the move, the amount of furniture and equipment you have, the size of the facility, and the distance of the move. 

Be sure to include any special requirements, like packing services or secure storage. Having this list before you start your search helps you find the right commercial mover who can accommodate all your needs.

2. Obtain Cost Estimates

After you have a list of potential commercial movers, you should obtain cost estimates from each one. 

This is a crucial step in selecting the best commercial movers for your business. Be sure to get an itemized list of services so that you can compare the costs and make sure that you are getting the best value for your money. 

Make sure that you know exactly what is included in the cost estimate, and what is not. Ask about any additional fees that may be charged and make sure that you are getting the services that you need.

3. Professional Packing Services

If you’re looking to reduce the time and stress of moving your business, professional packing services are the way to go. Professional packers will handle all the details of packing up your office or store, from labeling boxes to properly wrapping fragile items. 

They’ll also ensure that all of your items are securely packed so that you don’t have to worry about anything getting damaged during the move. With professional packing services, you can be sure that your move will be quick and hassle-free.

4. Experienced Moving Crews

When moving your business, it’s important to have experienced moving crews on your side. Experienced commercial movers know the ins and outs of relocating a business, from packing and transporting office furniture and electronics to setting up and installing machinery. 

Not only will they help you move your business quickly and safely, they’ll also be able to provide assistance with organizing and packing your items, as well as utilizing specialized equipment to ensure your items are kept safe during transit. With experienced commercial movers on your side, you can be sure that your business will be relocated with minimal disruption to your operations.

5. Quality Moving Equipment

Moving your business can be a hassle-free experience if you have the right equipment. Quality moving equipment is one of the key elements in a successful, stress-free move. 

Experienced commercial movers will bring the best quality moving equipment, such as packing materials, moving blankets, furniture pads, hand trucks, ramps, and dollies to ensure your items are moved safely and securely. 

With the right equipment, your business move can be successful and hassle-free, with your items arriving in the same condition they left in.

In conclusion, if you’re looking for a hassle-free move for your business, it’s best to leave the job in the hands of experienced commercial movers. 

Not only will they make sure that everything is moved safely and securely, but they can also provide you with all the necessary packing materials, storage solutions, and other services to make sure that your move is as stress-free as possible. With the right commercial movers, you can rest assured that your business’s move will go as smoothly as possible.

5 Common Problems with Risk Parity Strategies

Common Problems with Risk Parity Strategies

By Natalie Redman

For any investor, one of the most significant decisions that they need to make is allocating assets in their portfolio. As such, many investors have found themselves looking at risk parity as a potential strategy for investment.

However, there are a number of caveats surrounding risk parity that make this methodology somewhat problematic.

As of 2020, the composition of assets in the average investor’s portfolio worldwide varied according to Statista. In that year, the majority of their investments were allocated to traditional assets (72%) followed by private equity and real estate, both at 10%.

With risk parity, it allows investors the opportunity of risk-adjusted returns that are relative to those portfolios that have a traditional asset allocation – which appears to be the majority. However, despite its appeal, there are some common problems that come with risk parity strategies, problems that need highlighting.

What is risk parity

What is risk parity? Well, in layman’s terms, risk parity is the goal of balancing the contribution of all portfolio risk from each asset class.

Risk parity seeks to disperse the risk found in traditional portfolios that may, for example, consist of a 60% equity and 40% fixed income portfolio.

With a risk parity strategy, there’s the belief of risk and return having this one, constant relationship. As such, it’s assumed that all assets will have similar risk-adjusted returns.

Essentially by balancing the risk within this diversified portfolio, an investor can enjoy fewer fragilities within their investments. Hopefully, returns on their investments can continue to be fruitful in performance.

The relevance of using risk parity

With a strong relationship between bonds and equities, the relevance of using risk parity in these diversified portfolios makes sense to an extent. Certain investments have higher risk factors and so to help counter-balance that high risk, holding lower risk, lower expected return assets like bonds, are assumed to be financially beneficial.

The relevance of using risk parity is that it’s designed with the intention of investors to successfully maintain their portfolios with risk diversification. Through the use of leverage, the investor will hopefully still meet their expected returns.

It all seems like a viable solution to help balance risk, correct? Well, in theory, maybe, but in reality, the outcome may not be as clear-cut.

5 common problems with risk parity strategies

According to one source, at least $100bn has already been invested in risk parity strategies. Before you go jumping on the bandwagon though, it’s important to be aware of common problems that come with using this type of strategy. 

1. The strategy ignores asset returns

With how risk-parity strategies are constructed and leveraged, returns on individual asset classes have no involvement when it comes to deciding risk parity allocation.

This seems like a bizarre approach, especially as most investors will agree that returns on investment are often the most important concern.

It’s believed that maybe the reason for ignoring asset returns is that these future returns are purely speculative and don’t hold a guaranteed weight. This is made even more confusing when risk parity is based on correlation and volatility.

It’s suggesting that investors will assume that past volatility and correlations will continue in the future but the same cannot be said for past returns.

2. The use of volatility as a measurement is flawed

It‘s considered that volatility as a measure of risk, is flawed. It’s not an appropriate measure of risk because volatility doesn’t always apply in the same way to asset classes. This volatility can change at any number of times due to a variety of reasons. For example, a recession may have a significant impact on losses but a recession in itself is a rare event.

Common Problems with Risk Parity Strategies

To use volatility as a measurement for risk is flawed because the parameters that govern assets – aka volatility – are always changing.

This underestimation of how volatility fluctuates can be detrimental to those who use risk parity as a strategy for investments.

3. Risk parity underperforms when risk-adjusted returns vary.

In relation to the first point of risk parity ignoring past returns or future returns in its methodology, risk parity often underperforms when risk-adjusted returns vary.

You may or may not believe that risk-adjusted returns do vary across asset classes but if they do, then this is where a risk parity strategy can end up underperforming as a result.

This strategy relies on leveraging low-risk assets. They end up leveraging these low-risk assets, primarily bonds, to level out the risk from all other asset classes. However, despite its good performance over the years, the current market of today’s interest rate environment may not help the performance of bond ownership in the future.

While a gradual rise in interest rates helps risk parity strategies, a decline doesn’t. It’s important not to put all your trust in bonds being the sole asset to help balance all of the risks out

4. Risk parity portfolios aren’t just risk parity.

It’s important to flag that just because a portfolio has been diversified using risk parity strategies, doesn’t just make it exclusive to risk parity. No investment portfolio is directly the same as another, which means a one size fits all approach doesn’t work. This type of risk model isn’t going to work on solely creating a risk parity portfolio.

Not all investors are taking equal risk across assets so using one unified risk model doesn’t help those who have a variety of risk-adjusted returns within their portfolio.

5. It only works in certain economic situations.

The relevance of risk parity strategies has come under more scrutiny perhaps due to the current economic state that we’re in as of 2022.

In an ideal world, risk parity works when all the conditions are in their favor. When it isn’t, many investors end up losing faith in it. COVID-19 has also added some frictions to global supply chains, which has impacted bond assets. What is risk parity based around? Bonds.

While it may be useful to implement a risk parity strategy, it’s not a strategy that’s the be-all and end-all of diversifying your portfolio. It will only perform best when the assets within the portfolio are all similar in risk-adjusted returns. Where these risks are unequal, risk parity doesn’t perform as well.

Additional tips for diversifying a portfolio to reduce risk and losses

While risk parity isn’t completely flawed in its approach, there are other ways to help diversify a portfolio to help reduce risk and losses.

Use hedging as a security

No, it doesn’t have anything to do with sprucing up your backyard. Hedging your portfolio is to reduce that unsystematic risk. It involves buying or selling an investment to help reduce the risk of loss when in an existing position.

There are a number of hedging strategies worth looking at that can help reduce market risk on your investments.

Include foreign investment into the mix

One problem with risk parity is that it doesn’t factor in foreign investments. Risk-adjusted returns aren’t equal, especially when it comes to foreign currency risk. It’s a risk that investors don’t like to take and as such, foreign investment into currency-based assets may have lower risk-adjusted returns.

Try looking beyond your own country for investments and start looking further afield.

Explore different sectors

Like foreign investment, it’s important to switch up your asset choices by exploring different sectors. Spreading the wealth across different sectors is going to further avoid putting all your eggs (or money) in one basket. From stocks to exchange-traded funds and real-estate investment trusts, there’s a lot to choose from.

bitcoin

Cryptocurrencies and NFTs are just a couple of the latest investment opportunities that may be worth exploring to further diversify your own portfolio. Spreading the risk around is going to help lead to bigger rewards – hopefully.

Be careful not to over-diversify

It seems counter-productive to tell you not to over-diversify when this whole article is aimed at diversifying a portfolio. However, there is validity when it comes to avoiding over-diversifying.

While it is important to diversify, having too many securities can be problematic. Not only that but it can be difficult to manage everything all at once. You could effectively self-sabotage your own efforts as a result. If you own too much of one stock, then it might be worth liquidating it, to then put it in another asset.

Know when to get out

Finally, it’s important to be aware of when investments have peaked or may be heading south. An understanding of the market in relation to all your asset classes can be helpful in staying ahead and getting out before you start losing money.

Avoid using risk parity as a lone investment strategy

While there are some advantages to using risk parity for balancing risk in your investment portfolio, it’s not a guaranteed, fool-proof solution. Avoid using risk parity as a lone investment strategy and focus on diversifying and spreading risk in other ways.

About the Author

Natalie Redman

Natalie Redman is a freelance writer with two years of experience in web page copywriting for businesses across many industries. She’s also an owner of two blog websites and a Youtube content creator.

Seven Amazing Strategies to Generate Leads for a B2B Company

B2B-Generator

Sales representatives can contact qualified B2B sales prospects and make sales to them. Of course, it takes time to produce high-quality leads that will become customers, that’s why it’s crucial for you to understand how to find leads. But if done correctly, it will support your company’s growth and help you outperform the competition. In addition, B2B buyer behavior is evolving at a dizzying pace, driven by various emerging technologies and fresh insights. So it makes sense that B2B marketers find it challenging to adjust their lead-generating tactics in this constantly changing environment.

Growingly informed consumers had been produced due to the explosion of content addressing customer concerns at every stage of the buying process. Here are some efficient B2B lead-generating tactics to step up your game. 

Exit-Intent Popup Forms Can Be Added to Collect Leads

Visitors may occasionally leave your website without making a purchase. Use exit-intent popups to help you collect their information before they leave. When a visitor is ready to close your window, these show up. The intention is to get them to divulge their information before leaving. For instance, you may request their name and email address in exchange for a free download or coupon code.

Leads can be re-engaged with on-site retargeting

Retargeting techniques are another approach to using exit-intent popups. To do this, recommendations are made based on historical site visitor behavior. For instance, set up a popup to provide a discount for a product the visitor viewed as they were ready to leave.

Create an automated email marketing campaign

You may need more time to write emails daily as a B2B marketer. It would be a great help if you didn’t have to, either. You may quickly increase traffic to your website with email marketing automation. Just give yourself a week to set up the segments, compose the emails, and select the activity triggers that will signal when they go out. For instance, people who subscribe to your newsletter will be added to the lead nurturing campaign. If a returning consumer leaves their cart empty, they can get an email with a coupon code.

Case studies can be used to boost sales

Some of your leads would prefer to purchase your goods or services. How, then, can you persuade them to convert? The benefits of your product can be demonstrated, for example. Case studies are a great way to demonstrate the value of your goods and services. Consider including them in your social media marketing, blog posts (as links or stories), and email campaigns (i.e., boosted posts or social ads).

Create a business blog to raise awareness

When done correctly, blog content aids in decision-making for your audience, which is why it is effective. Because readers value them, educational blog entries like how-tos, tutorials, buying recommendations, and listicles are often seen. By providing insights, you may establish your brand as an authority in the field and increase interest in it.

To increase engagement, concentrate on producing more material for your blog. Just be careful to maintain depth and quality. Then, to continue attracting people and search engines, keep adding value.

Optimize Every Piece of Content You Post to Boost Your Ranking

Search engines like Google and others index a wide range of digital content. Press releases, blog entries, guest posts, images, memes, videos, and infographics fall under this category. Use relevant keywords to optimize your content formats so your target audience can find and rank them.

Provide a complimentary eBook, data report, or whitepaper

This B2B lead generation and sales method has probably been used on other websites; after spending some time on a particular page, a popup window appears providing a free eBook or another helpful resource. This is an excellent B2B lead generation method because it allows for something of value in exchange for someone’s contact information.

Create a valuable material jam-packed with helpful information, and publish the download link in the proper places on your website. Visitors should be directed to a specific landing page via the link or popup where they can complete a B2B lead form to receive the free download.

Apply the recommended practices for landing pages above, and stress that downloading is free.

Wrapping up

Profitable businesses are those that are expanding. Profitability, however, can only be achieved when the correct clients use your goods and services. So even though it’s not impossible, finding clients and prospects is a process that must be treated carefully.

All of your subsequent steps in the sales cycle will be built on a solid foundation of lead generation tactics. Be clever and original while attracting visitors and encouraging conversions.

Home Loan Guide For First-Time Buyers 

House-Loan

Buying a house can be a huge milestone in anyone’s life, irrespective of age or financial standing.

But with every life-changing decision comes a ton of responsibilities, and here also, choosing the right home loan is the first crucial step ahead!

After all, there’s a reason why the average home loan size for first-time buyers is $485,014 in Australia alone.

So if you’re also a first-time buyer, you must be overwhelmed with numbers and interest rates.

But don’t worry, this guide here will be your companion to making things simpler!

1. Have a clear idea about your finance

Okay, this is the first step while understanding how much loan you should apply for. Make an honest list of how much you’re spending every month and see the costs that can be reduced.

Try applying for special schemes designed by your government. If you live in Australia, for example, you also need to see if you’re eligible for First Home Owner Grant (FHOG), a scheme made exclusively for first-time homeowners by the Australian Government.

Ask yourself where you’re currently standing as far as finances are concerned, how much you can afford to repay every month, and what sort of mortgage will suit you the best. Alternatively, you can work with mortgage brokers for first home buyers to make sure you’re on the right track. To further streamline your budgeting for a home, calculate mortgage expenses to understand the monthly payments you’d be responsible for, ensuring they align with your financial planning.

2. Explore home loan rates

Next up, you need to check the home loan rates as applicable in your state or country so that you can choose one which works best for you.

You can begin your search from Real Simple Home Loans, Australia. It allows you to compare the interest rates and talk to the experts about how to apply for it.

Not just that, the mortgage brokers at Real Simple Home Loans will walk you through the entire process so that you don’t have to take the entire burden upon yourself!

After the papers are in order, you will be asked to produce the necessary documents for pre-approval. This process can last between 3 to 6 months.

3. Choose the location wisely

Yes, bank loans are important but did you know that they are dependent on the location of your dream house? Here again, keeping your finances in check can be useful because then you’ll get a clear picture of how much to spend.

For example, prime locations in the city will cost more than a suburban home, but they can be ideal for young professionals. Check if commute services are available nearby or not.

Once you have decided, talk to your bank about the location and the home loan rates in that area. You can even talk to your real estate agent and figure out a plan to get a home loan at lower interest rates.

4. Figure out the type of house to buy

Now that you’ve identified the ideal location, it’s time to choose your ideal home. Do you want a small one-bedroom apartment or a two-storeyed bungalow? Are you buying a house to expand your family or to shorten the distance between your house and your office?

Make a list of “must haves” and “may haves.” In the first list, mention essential things, like commute services or schools for your children.

In the second one, write down things you don’t necessarily need but would still wish to buy- an outdoor garden or pool.

Next, stick to your price range and never go above it. If pre-approved for a $400,000 loan, don’t waste time looking for houses advertised at $500,000.

5. Try negotiating

Lastly, negotiating is never a bad idea, especially if you’re buying for the first time. If you’re not sure, talk to Real Simple Home Loans. Or you can even attend different auctions to see how negotiating works.

Bring along a professional or an experienced family member or friend to help you out. Since there’s no cooling-off period in an auction, you’ll be expected to pay a certain amount right away, say 10% of the total deposit.

Next, the seller will prepare an official contract, but you must go through the terms and conditions carefully. Many contractors might try to deceive you as an amateur, so be very careful.

Over to you…

Buying your first house might seem pretty complicated, but it doesn’t have to be! Just breathe and remember to take every step carefully. And don’t let the excitement blur your future vision.

Best Online Slots for Real Money: Real Money Slots Sites Ranked for Payout Potential, Bonuses, and More

Online-Real-Money-Slots

In the world of online casinos, nothing beats the excitement that comes from playing slots and chasing those massive jackpots.

If you’re looking to join the party and play real money casino games, we’ve had our experts check the online casino scene and jot down the best real money online slots out there.

Ignition came out as the clear winner, boasting top-tier real-money slot machines from over a dozen software studios.

However, there are several other online casinos worthy of your attention, so join us as we roll out the top 5 best online casinos for online slots.

Ready? Let’s start.

Best Online Slots for Real Money

1. Ignition (777 Deluxe) – Best Real Money Online Slots Site Overall

Igntion-Deluxe

Pros:

  • High RTP slot games
  • Over a dozen game studios
  • High-quality design
  • $3,000 welcome bonus package
  • Loyalty program
  • Exceptional poker tourneys on the side ($1m+ GTD)
  • 3 dozen live dealer games

Cons:

  • You can’t use e-wallets

Best Online Slot Machine: 777 Deluxe

Not only does 777 Deluxe offer mystery symbols and rounds, but it also gives you a chance to multiply your winnings up to 250 times in the Bonus Round.

We’re looking at a fast-paced 5-reel title with heaps of boost and excitement on every corner.

Variety and Quality of Real-Money Online Slots: 4.9/5

Ignition stands out among the other online casinos because they offer a wide selection of different games.

From classic fruit machines to 3D video slots, there’s something for everyone here.

They also have games powered by some of the most well-known game developers like Microgaming, NetEnt, and Play N’ GO.

This means that you can expect the best quality slots from Ignition.

Bonuses and Promotions: 4.85/5

If you’re a new player at Ignition, then you have something to look forward to.

They offer a generous welcome bonus package of up to $3,000 on your first deposit if you use crypto and up to $2,000 if you’d rather use a credit card.

The promo is split into two equal parts: one for casino games and the other exclusively for poker.

The promotion has a 25x wagering requirement, which is better than most competing online casinos.

The poker bonus is released differently through accumulating Ignition Miles, the site’s official loyalty program.

Payment Options and Withdrawal Speed: 4.75/5

Ignition Casino is known for having fast withdrawal times and an excellent range of payment methods.

You can deposit through your credit card or Bitcoin wallet. All withdrawals are processed free of charge, and you should expect to receive your money within 48 hours.

Unfortunately, though, Ignition doesn’t accept e-wallets. But you can use cryptocurrencies beyond BTC, like ETH and LTC.

Mobile Friendliness and Customer Support: 5/5

Ignition has done a great job of making its games mobile-friendly.

You can play most of their titles from any device and platform, including Android, iOS, Windows, and Mac.

The customer support team is also very responsive and helpful. They’re available 24/7 via email or live chat in English.

To reach the support team, you will need to go through the FAQ section, which is comprehensive and neatly organized.

Click here to claim up to $3,000 in welcome bonuses at Ignition Casino

2. Slots.lv (10 Times Vegas) – Best Real Money Online Slots Site for Jackpots

Slots-LV

Pros:

  • 8-figure jackpot prize pools
  • 3 dozen jackpot games
  • Over a dozen software studios
  • Over 250 online slots
  • Practice mode available
  • $5,000 welcome package ($7,500 for crypto)

Cons:

  • Not all games are available on mobile

Best Online Slot Machine: 10 Times Vegas

Coming from Spinomenal, we’re looking at a 5-reel slot game with an RTP rate of over 96%. If you’re looking for a top bang for the buck, this is one of the titles to check out.

Variety and Quality of Real-Money Online Slots: 4.8/5

You can find a massive selection of real-money slots at Slots.lv. Players have access to over 250 games from the likes of Betsoft, RTG, and Rival Gaming.

If you’re looking for an immersive experience, there are plenty of 3D titles to choose from as well as classic fruit machines with more simple graphics.

One of the selling points for Slots.lv is its progressive jackpot selection.

You can play dozens of titles with various themes, from ancient Egypt to superheroes, with life-changing prizes.

The biggest jackpots are usually found on Betsoft games, so make sure to take advantage of those. We’re looking at an 8-figure prize pool and 30+ jackpot titles.

Bonuses and Promotions: 4.95/5

Slots.lv offers a juicy welcome package for new players.

The deal includes up to $5,000 in welcome bonues. Alternatively, you can opt for the one with up to $7,500 if you make your deposit with cryptocurrencies like Bitcoin or Ethereum.

Additionally, the package applies not just to the first deposit or two but to the first 9 deposits you make at Slots.lv.

This way, you’re covered for longer compared to other online casinos.

Payment Options and Withdrawal Speed: 4.6/5

Slots.lv makes payments easy and secure.

You can fund your account with credit/debit cards or 5 cryptocurrencies. These are the following:

  • BTC
  • ETH
  • LTC
  • BCH
  • USDT

E-wallets like Skrill and Neteller are not supported.

The withdrawal times only take up to an hour if you use crypto, and these come with no fees, too. If you opt for credit cards, expect to wait a few business days.

Mobile Friendliness and Customer Support: 4.5/5

Slots.lv works well on mobile phones and tablets, although not all games are available here.

The load times are fast, the lobby navigation is smooth, and you can access all bonuses and payment options from your device as well.

Customer support is always there when you need it, thanks to 24/7 live chat or email.

We used the service ourselves and can vouch for its quality. The customer reviews are also mostly positive in this department. The website has a detailed FAQ section as well.

Click here to check the latest jackpots at Slots.lv and claim your $5,000 sign-up bonus

3. Red Dog (Achilles Deluxe) – Best Bonuses of All Real Money Online Slots Sites

Red-Dog-Deluxe

Pros:

  • 240% welcome boost
  • 40 free spins
  • Best RTG slots
  • Free play for the entire catalog
  • You can use crypto
  • 0 transaction fees

Cons:

  • The lowest payout request is $150
  • Only one game studio

Best Online Slot Machine: Achilles Deluxe

Achilles Deluxe is one of the most famous slot games from RealTime Gaming (RTP), offering 5-reels set in a Trojan War theme with an RTP of 95.7%.

Six-figure jackpots pop up every once in a while here, so pay attention!

Variety and Quality of Real-Money Online Slots: 4.3/5

RealTime Gaming has been around for quite a while, and they know how to make great slots. And it’s the sole software provider of slot games at Red Dog.

The Achilles Deluxe slot is an example of the kind of high-quality games they offer.

The bonus features are plenty, and you can expect high payouts throughout the game. The graphics are nice and crisp, and the overall gameplay is quite enjoyable.

Elsewhere on the platform, you can also join a dozen live dealer games after creating an account.

Bonuses and Promotions: 5/5

Red Dog’s welcome bonus is quite generous. 

New members can receive up to a 240% boost on their first deposit. That’s followed by 40 free spins on the Spring Wilds slot game and more bonuses when you make subsequent deposits.

To claim this massive prize, you simply enter the bonus code ADORABLE.

In addition, there are plenty of ongoing promotions at Red Dog Casino, including a 24/7 reload bonus and fresh boosts whenever new games are added to the catalog.

Payment Options and Withdrawal Speed: 4.4/4

Red Dog accepts a decently wide range of payment methods.

Credit and debit cards, bank transfers, Neosurf, and crypto are all accepted here. The minimum withdrawal amount is $150 or its equivalent in other currencies.

The casino takes up to one day to approve your transaction when you request a cash-out. After that, the money should reach your account in one to three days if you use fiat.

No transaction fees are charged regardless of your payment preference, which is a huge plus.

Mobile Friendliness and Customer Support: 4.5/5

Red Dog Casino’s mobile platform is quite new and modern. It’s fast, reliable, and designed to fit any screen size perfectly.

All the games are also available in demo mode, so you don’t have to worry about gambling online with real money if you’re unsure of something.

The customer service team is available 24/7 by email, phone, and live chat. They’re friendly, knowledgeable, and quick to answer any query you may have.

Claim the best slots bonus by signing up at Red Dog through this link

4. Cafe Casino (A Night With Cleo) – Best Real Money Online Slots for Mobile

Cafe-Casino

Pros:

  • 150+ slot games
  • Free games for the entire catalog
  • Generous 350% match welcome bonus
  • Cafe Community forum
  • Crypto banking is supported
  • Support around the clock

Cons:

  • Restricted in certain areas

Best Online Slot Machine: A Night With Cleo

This is a renowned game that’s easy to play and even easier on the eyes. 

Other highlights of this reeled slot include regular jackpots, heaps of free spins and bonus features, wild symbols, and much more.

Players need to note that this game dives into mature territory a bit.

Variety and Quality of Real-Money Online Slots: 4.2/5

Cafe Casino offers a wide variety of online slot machines from providers like Real Time Gaming, Rival, Spinomenal, and more.

With 7 software providers in total, the casino ensures that you will find something that caters to your tastes regarding the game selection.

The graphics are pretty impressive for some of the newer releases as well.

However, there aren’t as many real money slots compared to other online casinos.

Bonuses and Promotions: 4.5/5

Cafe Casino offers an attractive welcome bonus and several other promotional offers for new and existing players.

New players are greeted with a 350% match bonus up to $2,500 on their first deposit.

Other promotions include the refer-a-friend program, special slot bonuses, free spins tournaments, daily rewards, and more.

Payment Options and Withdrawal Speed: 4.4/5

Cafe Casino provides a solid range of deposit and withdrawal methods. The casino also supports cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.

The withdrawal speed is quite good, with crypto taking 24 hours or less to process requests. Credit/debit cards take 2-3 business days.

As usual, cryptocurrency banking has no fees involved.

Mobile Friendliness and Customer Support: 4.6/5

Cafe Casino offers a mobile-friendly website, allowing players to access the casino on their smartphones and tablets. The site is optimized for all device types and runs smoothly.

Customer support is available 24/7 through live chat and email. All staff members are friendly and helpful, and you can also dive into the on-site forum.

Claim up to a $2,500 bonus by signing up at Cafe Casino

5. Bovada (Shopping Spree) – Online Slots for Real Money with Highest RTPs

Bovada-Shopping-Spree

Pros:

  • $3,750 welcome bonus for crypto users
  • Crypto banking is supported
  • A decade in operation
  • Higher RTP than average
  • 4 industry-leading software studios

Cons:

  • Could use more games overall

Best Online Slot Machine: Shopping Spree

This high RTP slot from Bovada is known for boasting high jackpots, including a $500k+ pot when we viewed it.

The title sports 5 reels, 9 pay lines, along with bonus games and Scatter symbols.

Variety and Quality of Real-Money Online Slots: 4.5/5

Regarding variety, Bovada lags behind some of the biggest providers in the industry.

However, they still have plenty of fantastic games from Realtime Gaming, Rival Gaming, Revolver Gaming, and Spinomenal — four of the most respected software studios in online gaming.

Some popular titles include Achilles Deluxe, Diamond Fiesta, and Shopping Spree.

We appreciate that the catalog is finely curated to offer the highest Return To Player rates around, with many titles exceeding 96%.

Bonuses and Promotions: 4.7/5

All new members at Bovada are eligible to receive a welcome bonus worth up to $3,750 when using Bitcoin or other cryptocurrencies.

The wagering requirements are 25x, which is lower than the industry standard and better than the competition.

Not only that, but they have regular reload bonuses and plenty of daily offers you can claim. Plus, their rewards program is quite generous for returning players.

Payment Options and Withdrawal Speed: 4.3/5

In addition to Bitcoin and other cryptos, Bovada also offers deposits via Visa, MasterCard, American Express, and rapid transfer.

The minimum deposit is $10 for crypto and $20 for credit cards, while the maximum depends on your preferred banking method.

Withdrawals take anywhere from 1 hour to 5 business days, depending on your approach. Generally speaking, Bitcoin and crypto payments are processed much quicker and with no fees.

Mobile Friendliness and Customer Support: 4.6/5

The mobile interface at Bovada is top-notch, with all the same features you’ll find on the desktop.

This includes real money casino games and poker rooms, as well as sports betting opportunities.

Customer service is available 24/7 via email or live chat. The response times are quite short (usually within minutes), and the agents are friendly and knowledgeable.

The contact info for support agents can be found after going through the FAQ library.

Click here to check out the selection of slot games at Bovada and claim a $3,750 bonus

How We Ranked the Best Real Money Online Slots Sites

Variety and Quality of Real-Money Online Slots

Firstly, we looked at the variety and quality of real-money online slots available.

This includes both classic three-reel, five-reel, and progressive slot machines with multiple paylines, bonus rounds, free spins, and more.

We ensured that the best online casinos listed here all feature a wide range of games that offer something for everyone.

Casino Bonuses and Promotions

When it comes to slots bonuses, the online casinos we’ve highlighted deliver the goods.

Our rankings cover both the welcome bonuses and ongoing promotions, so you can be sure you’re getting the latest and greatest offers from our recommended sites.

Payment Options and Withdrawal Speed

We also looked at the payment options available for making deposits and withdrawals.

We favored casinos with a wide range of methods so you can pick the most convenient option for you.

Also, we made sure to include only those sites that have fast withdrawal times and low minimums.

Mobile Friendliness and Customer Support

Finally, we checked out the mobile-friendliness of each casino along with its customer support.

We made sure that our top picks all had great mobile experiences, so you can play slots online on the go.

If real-money slot apps are available, that’s a plus, but we mainly looked for smooth instant play.

Additionally, we looked for sites offering live chat, telephone support, and email assistance to make sure that real-money slots players always have access to help when they need it.

Suggested Reading: Best Online Casinos in Canada

Why is Ignition the Best Real Money Online Slots Site?

There are plenty of reasons why we crowned Ignition as the top casino for real-money online slots. Some of these include:

  • Generous Welcome Offer: Players have access to a generous offer that isn’t just meant for online slots but for poker as well.
  • Plenty of Game Providers: Instead of just one or two software providers, Ignition’s slots are supplied by plenty of companies, including notable names like Microgaming, NetEnt, and Play N’ GO.
  • Many Payment Methods: Players can use their preferred banking method as the site accepts most of the common Fiat and crypto-based options.

Why Should I Play Real Money Online Slots Instead of Other Games?

We believe that slots should be your preferred gaming choice as opposed to other types of casino games.

Below, we’ve discussed our reasoning behind us favoring slots over other games:

  • Greater Variety: Since most sites focus on slots, you’re always guaranteed a broader range of games.
  • Massive Jackpots: Thanks to jackpots, online slots payout more than other games. On progressive jackpots, it’s easy for players to win a large pot from one lucky spin.
  • Rollover Contribution: On most sites, slots are the only games that fully contribute toward the rollover. Thus, a bettor who fully focuses on online slots will clear the wagering requirements faster.
  • Unique Features: Slots are known for having special features such as bonus rounds, multipliers, free spins, and respins, just to name a few. It’s hard to find the equivalent of such features on table games.

Guide to Playing Online Slots for Real Money

Can I Win Real Money Playing Online Slots?

Yes, you can win real money by playing online slots. Online casinos offer a variety of slot games with varying levels of payouts and jackpots, so you have plenty of chances to win.

When it comes to online gambling sites, make sure you pick one that is reputable, trustworthy, and properly regulated by an appropriate authority.

What is the Best Real Money Online Slots Site?

Ignition is a grand casino and the best option overall for online slots, offering top-tier video slots and video poker games from over a dozen software studios.

What Are the Best Online Slot Games for Real Money?

Most online slots at the real-money casinos highlighted in this guide are solid stuff, but not all of them were created equal.

We can confidently say that you won’t make a mistake with the following five classic slots:

Are There Any Strategies for Playing Online Slots for Real Money?

Yes, there are strategies you can use when playing games at casino sites. Before hitting the spin button, decide on a budget and stick to it.

Additionally, always take advantage of the free-play mode before playing the real money version.

It is also essential to look out for games that offer progressive jackpots, as these can provide even bigger prize pools than regular slots.

Lastly, make sure you read up on each game’s payout percentage and RTP rate, so you know where your best chances are of winning and how much the game pays.

Can I Play Real Money Online Slots on a Mobile Device?

Yes, all the slot games and online casinos highlighted in this guide can be accessed from a desktop or mobile device.

You can easily play slots via your mobile browser, while some casinos also offer Android and iOS apps.

You can also take advantage of the demo mode and play for free on your mobile device to get used to the game before playing for real money.

What Does RTP Mean in Real Money Online Slots?

RTP is the acronym for Return to Player, and it is expressed in percentage form.

For example, if an online slot game has an RTP of 96%, it means that, on average, 96% of all bets made by players will be returned as winnings over time.

It is important to note that RTP does not guarantee wins, and the percentages can vary from game to game.

The best way to find out the RTP of a slot game is by checking its terms and conditions or on a website dedicated to online slots.

What Are the Chances of Winning Real Money From Online Slots?

A few factors will determine whether you win while playing real-money online slots.

Firstly, the casino you’re playing at will determine your chances of winning, as some offer better bonuses and jackpots than others.

Secondly, look out for games with high Return to Player (RTP) percentages to increase your chances of winning.

Thirdly, if playing progressive jackpots, make sure to check the terms and conditions of the game. This will ensure that you are fully aware of how much is available to win and what your chances of winning are.

Comparing the Top 5 Real Money Online Slots Sites

Here’s a quick reminder of what you can expect from our top real money slots casinos.

  • Ignition: The best online casino for real-money slot games overall. The site boasts a higher-than-average RTP, including over a dozen software providers and a $3,000 welcome bonus package.
  • Slots.lv: The leading destination if you’re hunting for progressive jackpots, offering 8-figure jackpot prize pools and a $5,000 welcome package.
  • Red Dog: The best slots welcome bonus around. Just enter the bonus code ADORABLE, and you’ll be eligible for a 240% match bonus and 40 free spins on the Spring Wilds slot machine.
  • Cafe Casino The best spot for newbies, packed with free online slots and a cool $2,500 first-deposit bonus at a 350% match rate.
  • Bovada: The No. 1 online casino if you’re looking for high-RTP real-money slots. If you use crypto, you can score up to $3,750 in welcome bonus funds.

How to Join an Online Real Money Online Slots Site

Joining an online slots site is easy. The process is similar for most online casinos, but we’ll use Ignition as an example. Here’s how to start playing slots for real money.

Step 1: Register Your Ignition Online Casino Account

  • Visit the real-money slots casino and click the ‘Register’ button.
  • Create a username and a password and provide the required info, like your email address, phone number, and more.

Step 2: Account Verification

  • The online slot site will send an SMS with a verification code to the phone number you provided.
  • Enter the code at the gambling site. You can now log in.

Step 3: Make a Deposit

  • Go to the banking page, choose your preferred payment method, and make your first deposit.
  • You can use a debit card, credit card, crypto, or e-wallet.
  • Claim the welcome bonus and start playing casino games.

Still Looking to Play Online Slots for Real Money?

Let’s wrap it up, shall we?

The best real money online slots site is Ignition. If you’re looking to play real money slots online, you’ll be safe here. And make sure to take advantage of the $3,000 welcome bonus package.

Other online casinos you might want to consider for real-money games include Slots.lv for progressive slots games, Bovada for high-RTP slot machines, and Red Dog for top-notch bonus features.

Whichever casinos you opt for, stick to responsible online play. Don’t chase your losses, have fun, and enjoy slot games!

Related: Check out some of the top crypto gambling sites.

DISCLAIMER: 18+ only. Online gambling comes with many risks. Players are advised to gamble responsibly and only use funds they can afford to lose. Remember, gambling is only intended for entertainment purposes and is not a solution to any financial difficulties.

Gambling laws and policies vary from one region to another. Some sites mentioned in this review may not be accessible in your area. Always do your due diligence and check your local gambling policies. It is always better to be safe than sorry.

If you suspect you’re becoming addicted to gambling, seek help immediately by contacting the National Gambling Helpline at 1-800-522-4700.

The following resources may be helpful as well:

Types of Software Development Models 

Software Development Models

Introduction

The Software Development Life Cycle (SDLC) is a conceptual model used in project management that specifies the stages involved in the development of an information system, from an early business plan to the maintenance of the finished application.

Various SDLC models are used in the software development phase. These are also known as “Software Development Process Models”. To ensure success in the phases of software development, each process model follows a sequence of phases unique to its nature.

What are popular software development models?

There are already more than 50 recognised SDLC models in use. None of them are flawless, and each has advantages and downsides for a particular software development project or team. Here we are going to look at some of the commonly used models.

Waterfall model

Once upon a time, at the dawn of the programming age, the only participants in the development process were programmers. They wrote software functions to facilitate mathematical calculations or automate other routine activities. Today everything is different. Modern systems are so large and complex that entire teams of specialists of various profiles work on their creation: programmers, analysts, system administrators, testers, and end users. They all work together to develop programs containing millions of lines of code.

The oldest and most well-known model for building a multi-level development process is the waterfall model: in it, each development stage corresponds to a certain phase of the software development life cycle and directly continues the previous one. That is, in order to move to a new stage, we must fully complete the current one.

The waterfall model is simple and straightforward, but not as practical as it once was. In the face of dynamically changing requirements, a rigidly structured process can turn from an advantage into a hindrance to the successful completion of system development. Therefore, today the waterfall model is mainly used by large companies for large and complex projects that involve comprehensive risk control.

Pros of the waterfall model:

  • Full documentation of each stage;
  • Clear planning of terms and costs;
  • Transparency of processes for the customer.

Cons of the waterfall model

  • The need to approve the full scope of requirements for the system at the first stage;
  • If it is necessary to make changes to the requirements later,you have to return to the first stage and redo all the work;
  • Increased costs and time if there is a change in requirements.

Despite the fact that the waterfall model is still in use, it has already lost its former positions. Today it is being replaced by more advanced models in software development and methodologies.

V-model

The V-model is an improved version of the classic waterfall model. Here, the process of each stage is monitored in order to make sure that it is possible to move to the next level. In this model, testing begins at the stage of writing requirements, and each subsequent stage has its own level of test coverage.

For each level of testing, a separate test plan is developed. So as the current level is being tested, we are already developing a testing strategy for the next one. We also define the expected test results and indicate the entry and exit criteria for each stage when creating test plans.

Pros of the V-model:

  • strict staging;
  • testing planning and system verification are carried out at early stages;
  • improved time management compared to the cascade model;
  • intermediate testing.

Cons of the V-model:

  • insufficient flexibility of the model;
  • the actual creation of the program takes place at the stage of writing the code, that is, already in the middle of the development process;
  • insufficient risk analysis;
  • no work with parallel events and the possibility of dynamic changes.

Spiral model

The spiral model represents a software development process pattern that combines the ideas of the iterative and waterfall models. Its essence is that the entire process of creating the final product is presented as a conditional plan, divided into 4 sectors, each of which represents separate stages of its development: setting goals, assessing risks, developing and testing, and planning a new iteration.

In the spiral model, the life path of a product under development is depicted as a spiral, which, starting at the planning stage, unwinds with the passage of each consecutive step. Thus, at the exit from the next round, we should get a ready-made tested prototype that complements the existing build. A prototype that satisfies all the requirements is ready for release.

The main feature of the spiral model is the concentration on possible risks. There is even a corresponding stage for their evaluation. The main types of risks that may arise in the software development process are:

  • Unrealistic budget and deadlines;
  • Lack of specialists;
  • Frequent changes in requirements;
  • Over-optimisation;
  • Low system performance;
  • Inconsistency in the level of qualifications of specialists from different departments.

Pros of the spiral model:

  • improved risk analysis;
  • good documentation of the development process;
  • flexibility – the ability to make changes and add new functionality even at relatively late stages;
  • early creation of working prototypes.

Cons of the spiral model:

  • can be quite expensive to use;
  • risk management requires the involvement of highly qualified specialists;
  • the success of the process depends to a large extent on the risk analysis stage;
  • not suitable for small projects.

Iterative and incremental model

Not all life cycle models are consistent. There are also iterative (or incremental) models that take a different approach. Instead of one long sequence of actions, the entire product life cycle is broken down into a series of separate mini-cycles. Moreover, each of them consists of all the same basic stages of the life cycle model. These mini-loops are called iterations. In each of the iterations, a separate component of the system is developed, after which this component is added to the previously developed functionality.

The iterative model does not assume the full scope of requirements for starting work on the product. The development of a program can begin with requirements for a part of the functionality, which can subsequently be supplemented and changed. The process is repeated, ensuring that a new version of the product is created for each cycle.

In a somewhat simplified form, the iterative model consists of four main stages, which are repeated in each of the iterations (plan-do-check-act):

  • definition and analysis of requirements;
  • design and engineering – according to requirements. Moreover, the design can either be developed separately for this functionality, or complement an existing one;
  • development and testing – coding, integration and testing of a new component;
  • review phase – assessment, revision of current requirements and proposals for additions to them.

Based on the results of each iteration, a decision is made whether its results will be used to supplement existing functionality as an entry point for the next iteration (the so-called incremental prototyping). Ultimately, there comes a point when all the requirements have been embodied in the product. That means it’s ready to release.

In mathematical terms, the iterative model represents the implementation of the successive approximation technique – that is, the gradual approximation to the image of the finished product. 

The key to the successful use of this model is a strict verification of requirements and a thorough validation of the developed functionality in each of the iterations.

The main stages of the development process in the iterative model actually repeat the waterfall model. Each iteration creates software that requires testing at all levels.

Pros of the iterative model:

  • early creation of working software;
  • flexibility – ability to change requirements at any stage of development;
  • each iteration is a small stage for which testing and risk analysis are easier to provide than for the entire product life cycle.

Cons of the iterative model:

  • each phase is independent, individual iterations do not overlap;
  • there may be problems with the implementation of the overall architecture of the system, since not all requirements are known at the beginning of the design process.

Scrum

Scrum is a sporting term taken from rugby. Initially, it denoted the state of the teams at the beginning of the match, before the ball is dropped. 

In software development and support, its value lies in the minimum required number of resources, roles, common rules, and other things that are necessary to start a teamwork cycle. Otherwise, it can be called the basic necessary set of rules, which at the output will give a ready-made working solution.

Scrum development methodology involves creating a product with new business opportunities that have the highest priority. This is done in a certain number of fixed time intervals (cycles), which are called sprints.

Usually, before the start of the sprint, there is a meeting where tasks and the duration of the sprint are planned. Following the results of the sprint, a review meeting is held, where the customer is shown a version of the product with all the main functions. The customer must accept the product at this stage or make adjustments so that it is clear what the next step should be – another sprint (finalisation) or the delivery of a finished solution.

The duration of one sprint is 1-4 weeks. On one hand, reducing sprint time speeds up development and makes it more flexible, because releases come out more often. It also allows you to quickly respond to feedback from the customer / client. On the other hand, the increase in terms allows you to reduce the overhead costs for a lot of meetings, corrections, and so on. The team selects the duration of the sprint depending on the type of product.

Like any tool, Scrum is good for getting things done. However, sometimes it turns out to be an inefficient way to solve certain problems. In this section, we’ll talk about when this happens and what to do about it.

So, the effectiveness of Scrum is manifested only when a number of conditions are met. Their list looks something like this:

  • Scrum is good to use in cases where you need to solve a problem, but the solution is not immediately traceable, is too difficult to predict, or the customer allows experiments and research to get the result. If the benefit from the result is directly proportional to and depends on the clarity of the algorithm, then Scrum is not needed.
  • Scrum is completely inappropriate in cases where the cost of an error is high.
  • There must be feedback, and the customer must be involved in the process.
  • If the team is poorly qualified, lacks budget, resources, and so on, the system will also not function. After all, Scrum methodology is focused on achieving maximum efficiency in a short time, and not long-term development.
  • Restrictions on the specifics of the methods used. If there is no opportunity to experiment and test solutions, then the system will be ineffective.
  • Restriction in terms of communication between team members, bureaucratization of the process. The system will simply get bogged down in papers, approvals, and so on. In other words, the very meaning of Scrum methodology will disappear.

The benefits of Scrum are also obvious:

  • The system allows you to solve the problem quickly and in different ways. It allows you to experiment and test solutions in every possible way, finding the best course of action.
  • Self-organisation of the team allows you to exclude “paper” intermediaries and respond flexibly to changes.
  • Development time is reduced and a finished product is created.

The team is motivated, because no one engages in “passive sabotage” – stretching the work or slowing down the process.

Extreme Programming

Extreme Programming or XP is an agile software development methodology. Like other agile methodologies, it has its specific tools, processes, and roles. Although the author of XP did not come up with anything new, he took the best practices of flexible development and strengthened them to the maximum. That is why programming is called extreme. The purpose of the XP methodology is to cope with the ever-changing requirements for a software product and improve the quality of development. Therefore, XP is well suited for complex and uncertain projects.

The XP methodology is built around four processes: coding, testing, design, and listening. In addition, Extreme Programming has values: simplicity, communication, feedback, courage, and respect.

The XP methodology causes a lot of controversy and criticism from those who have not been able to implement it in their team.

The benefits of Extreme Programming only make sense when the team makes full use of at least one of the XP practises. So, it’s worth a try for the following reasons:

  • the customer receives exactly the product that they need, even if at the beginning of development they themselves do not accurately imagine its final form;
  • the team quickly makes changes to the code and adds new functionality through simple code design, frequent planning and releases;
  • code always works through constant testing and continuous integration;
  • the team maintains the code easily, because it is written according to a single standard and is constantly refactored;
  • fast pace of development due to pair programming, lack of revisions, and the presence of the customer on the team;
  • high quality code;
  • the risks associated with the development are reduced, since the responsibility for the project is distributed evenly and the departure / arrival of a team member will not destroy the process;
  • development costs are lower because teams are focused on code, not documentation and collections.

Despite all the pluses, XP does not always work and has a number of weaknesses. So, extreme programming – disadvantages:

  • the success of the project depends on the involvement of the customer, which is not so easy to achieve;
  • it is difficult to predict the time spent on the project, because at the beginning no one knows the full list of requirements;
  • the success of XP is highly dependent on the level of programmers, the methodology only works with senior specialists;
  • management has a negative attitude towards pair programming, not understanding why they should pay two programmers instead of one;
  • regular meetings with programmers are expensive for customers;
  • requires too much cultural change: not being able to control every task can be stressful for the management or client;
  • not suitable for large projects due to the lack of structure and documentation;
  • because flexible methodologies are function-oriented, non-functional product quality requirements are difficult to describe in the form of user stories.

Kanban

Kanban is a system for setting goals and organising workflows to effectively achieve the necessary outcome. This methodology assumes transparency regarding the progress of work and is one of the most popular Agile approaches.

Kanban helps to track the progress of tasks and distribute the workload among employees. This method allows you to effectively manage the work of the team and monitor the timing of its implementation. The visualisation of all stages allows each employee to be aware of the current progress. Let’s familiarise ourselves with the basic principles of the Kanban methodology.

  • Visualisation of processes. It is important that all assigned tasks are added to the plan. Their status needs to be updated as each completed stage is completed. This approach allows you to move forward step by step, monitor progress, and spot which tasks require more time and help.
  • Task grouping. This is done based on status. The easiest way is to divide the tasks into three columns: “To be done”, “In progress”, “Done”. This approach involves moving the task from one stage to another and visualises the workflow.
  • Attention to unfinished tasks. If some tasks are left hanging at a particular stage, you should understand the reasons why, allocate more resources if needed, or provide the necessary support to complete the work.
  • Continuous improvement. Tracking the deadlines for tasks and their movement from one level to another in the Kanban system helps to see the weak points in the processes. Therefore, you can clearly determine where you need to devote more or less time to work, and in what situations it is worth adjusting the load.

The Kanban methodology has no hard and fast rules or restrictions. Therefore, it is used in various fields. The Kanban method is used by HR specialists for the selection of candidates, software developers, startups, and even bloggers. This approach can also be found in CRM systems when developing a sales pipeline. Take a look at the benefits of the Kanban methodology.

  • Planning flexibility. The Kanban system is designed in a way that has the team concentrate on one specific task, despite the fact that there may be several of them. At the same time, the manager can change the priority of different tasks without affecting the workflow. Once one task is completed, the team moves on to the next.
  • Control of deadlines. The Kanban methodology allows you to track the workflow, optimise its duration and predict the time it will take to solve future tasks.
  • Improving work efficiency. Multitasking reduces the quality of work and slows down progress. The more unresolved tasks hang, the more often you have to switch between them. The Kanban method minimises stagnation because it helps to quickly identify weaknesses. This allows you to reduce the time of work on the task and improve the quality of the result.
  • Visibility of work progress. One of the main advantages of Kanban process management. When all team members have access to the assigned tasks and progress performance, it is easier to identify problems and fix them.

Now that you’ve seen the benefits of the Kanban methodology, it’s time to learn about the downsides of this approach.

  • Not suitable for long term planning. The Kanban method is designed to achieve short-term goals. The work is built on the solution of urgent problems, while their priority may vary depending on the circumstances.
  • Not suitable for large teams. The more people involved in the work process, the more difficult it is to control the execution of tasks. Therefore, it is best to have no more than ten people in one team, ideally five.

The Rational Unified Process

The Rational Unified Process is a universal methodology for assigning tasks and responsibilities in software development. Its goal is to create high-quality software that meets the needs and demands of users. The RUP methodology was developed by Rational Software Corporation, which was bought by IBM in 2003.

The incredible success of the RUP approach has helped many companies understand the importance of having a well-defined and documented development process.

The RUP methodology is designed for large development projects, so many managers believe that it is not suitable for small tasks that do not require a large amount of resources. But there are many examples where small projects have benefited greatly from the implementation of RUP.

The RUP is based on six main principles:

  • Iterative development model – eliminating risks at each stage of the project allows you to better understand the problem and make the necessary changes until an acceptable solution is found;
  • Requirements management – RUP describes the process of organising and tracking functional requirements, documentation and selection of optimal solutions (both in the development process and in business);
  • Component architecture – system architecture is broken down into components that can be used both in current and future projects;
  • Visual Modelling of Software – The RUP development methodology shows how to create a visual model of software in order to understand the structure and behaviour of the architecture and its components;
  • Software quality control – in the process of software development, the quality of all team actions is controlled;
  • Change control – tracking changes allows you to build a continuous development process. A favourable environment is created in which the team will be protected from changes in the work process.

RUP Benefits

  • The RUP methodology allows you to cope with changes in requirements, regardless of whether they come from the client or arise during the work on the project;
  • RUP emphasises the need for accurate documentation;
  • Requirements integration occurs throughout the development process, and in particular during the build phase.

Disadvantages of RUP

  • RUP relies on the ability of experts and professionals to assign actions to specific workers, who are then required to produce planned results in the form of artefacts;
  • Integration into the development process can negatively affect other more fundamental activities during the testing phases.

Although the RUP development methodology shows excellent results, especially in the field of software development, it is a rather complex method that is difficult to implement in your project, especially if you have a small team or company.

Conclusion

Choosing between distinct software models is an important phase of product development in software engineering. When working on a project, the models provide you with ways and means to attain your goal, as well as with clear guidance and remedies for challenges. 

You should be well-prepared to tackle your project with the top software development methods listed above. And if you decide to entrust your project to a custom software development company, you can be sure you will be on the same page as the team when it comes to discussing the approach to software development.  

In case you are looking to get started with an experienced  development partner, consider Bamboo Agile. We are a trusted company that is recognised by many well-known brands in e-Commerce, Education, Telecom, and more. Contact us to book a free consultation and become one step closer to success. 

Top Lighting Tips For Your Home That Will Inspire You

Top Lighting Tips For Your Home That Will Inspire You

Lighting is an important aspect of any room’s design, and it’s vital that it contributes to the complete look of the area. 

There is a plethora of options that may enhance the look of your interior and make it more functional too. From pendants and chandeliers to wall lights, floor and table lamps, beautiful Australian candles, lights for displaying artwork, lighting stairs, and more, anything’s at your disposal.

To help you with your home’s decor, we’ve compiled some lighting tips and ideas that may help you illuminate your home.

Daylight is the most luxurious light

Sunlight is the best kind of lighting available. It’s both free and it will make your rooms look their best. However, it’s not easy to control. Most of the time your lighting purely depends on the architect’s wishes and there’s nothing you can do about it.

Your room’s lighting will be affected by its orientation and geographic location. Natural lighting in the far north, for example, is significantly colder than sunshine during the Australian summer . The quantity of daylight entering a space is also affected by seasonal changes and the time of day.

Incorporate ambient lighting

Mood or ambient lighting completes the design of a room the same way that general and ambient lighting do. It helps a space seem more welcoming by distributing light evenly and reducing harsh shadows from above fixtures.

Sometimes it’s hard to install mood lighting since there aren’t enough sockets in your space. Well, most people think there’s nothing you can do about it, but you can change the location of your sockets with the help of your local electricians. The best Australian electricians taking care of electricity maintenance Sydney, should be able to move the sockets where you wish, to add to the natural light once the sun sets. 

Popular choices include table lamps and floor lamps, both of which contribute to the aesthetics of a place while also serving a practical purpose. Put the light’s source, the bulb, at around shoulder height so that it evenly lights the space and avoids casting unflattering shadows. 

Lighter colors such as pastels and beige work the best with the light, so they’re ideal if your rooms include many smaller fixtures, while darker colors are fantastic if you’re trying for a somber, atmospheric feel.

Don’t forget about task illumination

This type of illumination is ideal for close-up activities like reading, typing, or doing your hobbies. In high-contrast lighting conditions, it shines. A high-beam table lamp in a dark room, for instance, might be preferable to a harsh, all-encompassing glare light. 

Some of the most apparent places to install task lighting are reading nooks and desks. Lamps with adjustable arms are perfect for use in the bedroom, while balanced-arm types are ideal for use as desk lighting. Task lighting is also important in the kitchen, making it simpler and safer to prepare meals. It’s also important to install task lighting in your bathroom, near the mirrors.

Hang lights in the bathroom for a soothing ambiance.

Installing a chandelier in your bathroom is an easy way to amp up the décor in that area. If you invest in the lighting of your bathroom, you can completely change the vibe of the space.  It just takes one well-placed chandelier or pendant light to make any room seem luxurious and sophisticated.

Bathroom ceiling lights do not have to be waterproof, which means you have more options to choose from. You can even pick out a luxurious chandelier. However, certain spots, such as right above the shower, do need lights suited for the environment. The space is separated into zones, and each zone requires different lighting.

The dining room should not be overlooked

Since your dining area is where you and your loved ones will share meals and friendly chat, it should have an unpretentious, casual air. Add dimmers, and your dining area will go from diner chic to dinner party glam in a flash.

Choose an eye-catching chandelier or pendant hanging above the table, and set the atmosphere with table or floor lights. Choose a fan with built-in accent lights if you can only use one plug for your ventilation system. Spruce up your dining room with a show-stopping light fixture.

Put dimmers wherever possible

Dimmers are particularly helpful in high-traffic areas like the kitchen or living room, where you may wish to change the brightness of the ceiling fixtures more often. Another very handy thing about dimmers is the fact that they may save you money in the long run. When you have your lights on low, they use much less energy. Therefore, your utility bill will be smaller. 

By adding dimmers to rooms, you can boost productivity, save money, and make your space flexible. Just picture yourself being able to adjust the lighting in your home to the perfect level for watching a movie (quite low and moody) or preparing a meal (bright lights are a must!).

Lighting is one of the pillars of interior design. It is important to have both general, mood, and task lighting installed throughout the house. We hope that the tips shown here will be useful and make your rooms as cozy as possible.

Yacht Financing – Options to Consider

yacht finance

One of the best ways to travel the world is undoubtedly on water. The yacht-based life of the super wealthy attracts many people to consider purchasing a superyacht. Owning a yacht certainly opens up many opportunities to explore the globe. What better place to start than to check out some of the latest vessels available at a prestigious yacht show?  

The latest must-have yachts and design ideas begin with shows in Dubai and Palm Beach in March and continue around the Mediterranean throughout the year. Of course, the highly prestigious shows in Monaco and Fort Lauderdale in autumn also draw significant attention.

Marine finance for luxury yacht purchases

Owning a superyacht or mega yacht is undoubtedly a key to a playground for the super-wealthy, and those with low or no liquidity turn to marine finance to raise capital. Yacht financing requires the applicant to demonstrate assets, wealth and sources of income significantly greater than the yacht’s value. Lenders can require a banking relationship with the borrower and will always expect security that exceeds the value of the yacht purchase to enable borrowing to fund a yacht purchase. It is usually best to seek the advice of a specialist yacht finance specialist like a broker, as they will clearly have the experience to ensure that you get the right finance.

Running costs considerations

The cost of running a yacht generally sits at a minimum of 10% of the yacht cost per year, and for many significantly greater, where you choose to have a crew. Marine yacht financing is not intended to cover the running costs, so it’s essential to ensure you have sufficient liquidity to cover additional costs in addition to the loan repayments. Lenders will not allow borrowing against vessel running expenses. It is therefore vital to choose a broker that has many years of experience assisting high-net-worth individuals to secure luxury yacht finance and who can advise on the best lenders for your circumstances. 

What’s changed?

An increase in the demand for yacht finance has seen the market change from the balloon payment basis most common before 2008 in favour of more conservative measures. Yacht financing is now a complex market seeing individuals have difficulty securing boat loans through traditional banks. It is now a niche market that benefits from the knowledge and support of international finance brokers to secure competitive lending terms.

Getting finance

Lenders are always wary of lending against a depreciating asset, and today the market is more stringent, with many lenders using an Assets under management (AUM) arrangement. Borrowers can be required to place significant sums under the bank’s management to secure borrowing. The exact sums required will depend on the value of the vessel purchased. Still, it is not unreasonable to expect that a £6 million yacht purchase requires a £1 million bank deposit. Each lender will individually have assets and income. The market is complex, and applications placed with the support of a broker are most likely to succeed and attract the most favourable lending terms. As such, it is essential to ensure that each application is presented in a way the lender can easily evaluate any risk before they even consider lending.

Depending on your citizenship, there are more advantageous lending options, such as financing a yacht for citizenship and personal liability reasons, something an experienced international finance broker can explore with you.

Whilst many high-net-worth individuals enjoy the freedom of owning and travelling the world in a yacht, many others choose to invest in on-land property in property hotspots such as Monaco and Cannes, something experienced brokers can help in arranging.

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