Guide to Increment in Scrum Framework - Agile Project Management

Introduction:
'Increment' is a significant concept in the Scrum framework of Agile Project Management. It refers to a potentially deliverable piece of a product that adds to previously created Increments, and is thoroughly tested, ensuring that it is usable and releasable at the end of each Sprint.

Importance:
The idea of 'Increment' is important as it allows teams to demonstrate tangible progress in the development cycle, deliver constant value, gather feedback quickly, and make changes or adjustments effectively.

How it Works:
During each Sprint, the team produces a new Increment of the product that builds upon previous iterations, improving the product's functionality and bringing it closer to the final iteration. The Increment must meet the Definition of Done and must be in a usable condition.

Exam Tips - Answering Questions on Increment:
1. Be precise: Keep your answers on the Increment specific and to the point. Understand the context of the question before answering.
2. Apply knowledge: Use practical examples to demonstrate your understanding of how Increments work in Agile Project Management.
3.Understanding over terminology: The understanding of the concept is vital than just knowing the terminologies.
4.Refer to Scrum Guide: Be well-versed with the Scrum Guide as it can provide comprehensive and authentic details.