model: model is a term in economics which shows economic processes by a set of variables and a set of logical and quantitative relationships between them. Model has different definitions in other fields but for explaining snowball effect and waterfall diagram it should be used economic term.
snowball effect: is a figurative term explaining an event which can be seen in every aspect of life. A small amount of snow begin to become larger with building itself and after some time, it has a giant dimensions which can not be neglected.
waterfall diagram: is a process whics aims to solve a problem with an appropriate way. It firstly bein with specifiying problem and terms of problem. And then it continue with gaining main components, requirements and main assembly, varfications of these systems. Finally it finishes with controlling validate of system.
REFERENCES:
http://www.tech.plym.ac.uk/sme/interactive_resources/tutorials/FailureCases/Images/WATERFALL_DIAGRAM.PDF
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