Guide: Scrum vs Lean Startup Wastes

Importance: Understanding the difference between Scrum and Lean Startup Wastes is essential because they are both common and efficient Agile methodologies applied in project management and software development to minimize waste while maximizing productivity.

What is It?
Scrum: is a flexible and collaborative Agile framework that teams use to tackle complex projects. It focuses on delivering the high-priority tasks first, using iterative and incremental practices.
Lean Startup Wastes: Lean Startup is a methodology widely utilized in startups. It prioritizes the elimination of waste (anything that doesn't add value to the product from a customer perspective) and aims to deliver the MVP (Minimum Viable Product) fast.

How it Works:
Scrum: Work is divided into 'Sprints' of 1-4 weeks, and progress is tracked using daily 'stand-up' meetings. The Product Owner prioritizes the backlog, and the team decides on the work to be done during each sprint.
Lean Startup: It works by conducting market experiments, using customer feedback and validated learning. The build-measure-learn cycle helps in quick iterations and implementations based on customer response.

Exam Tips: Answering Questions on Scrum vs Lean Startup Wastes:
1. Understand the key concepts, principles, and terminologies relating to both Scrum and Lean Startup Wastes.
2. Be able to differentiate between the principles of Scrum and Lean Startup, mainly concerning how they handle waste and value delivery.
3. Provide real-world examples where possible to illustrate your understanding.
4. Avoid ambiguities. Your answer should be objective and straight to the point.
5. Showcase your understanding of how both methodologies prioritize customer value and rapid delivery.
6. Focus on the build-measure-learn cycle of Lean Startup and the role of sprints in Scrums.