Agile Estimating
Agile estimating and planning is a key component in managing work flows in Agile project management. Agile estimating techniques include the use of story points, versus traditional estimating methods of duration and cost. Teams assign story points relative to work complexity, the amount of work, and risk or uncertainty. Once these story points are compiled in the backlog, they give a more long-term view of product development.
Guide to Agile Estimating
Agile Estimating is a critical aspect of Agile Project Management.
Why is it important?
It plays a vital role in defining the scope and timeline of a project based on the team's velocity and the complexity of user stories. It allows the team to have a shared understanding of the effort required to complete a given user story.
What is Agile Estimating?
Agile Estimating is the process of predicting the amount of work needed to complete a user story, feature or project. This could be done by using various techniques like Planning Poker, T-Shirt Sizes, Dot Voting, etc. The estimates are generally provided in relative units, such as Story Points.
How does it work?
Agile Estimation works by leveraging the collective wisdom of the team. Each team member provides an estimate, and then the team discusses the differences in their estimates. This conversation helps in uncovering unknowns and arriving at a consensus estimate.
Exam Tips: Answering Questions on Agile Estimating
1. Understand the concept well: You should have a good understanding of Agile principles and various Agile estimation techniques 2. Practice: Try to practice with real or hypothetical scenarios. This will help you understand how to apply the concept in different contexts 3. Think from a team's perspective: Always remember, Agile is about the team. So, try to think from a team's perspective while answering the questions.
Always remember, Agile Estimating is not about being accurate; it's about being consistent and fostering constructive communication within the team.
CAPM - Agile Project Management Example Questions
Test your knowledge of Amazon Simple Storage Service (S3)
Question 1
Your team uses Planning Poker for estimating user stories. However, they are consistently getting hung up on what the numbers should represent. What advice should you give them?
Question 2
Your team uses the Fibonacci sequence for agile estimation. However, stakeholder queries have been increasing regarding lack of clarity on time duration. How should you handle this situation?
Question 3
Your team has an average velocity of 24 points per sprint. You are given a requirement of a user story estimated at 100 points. What is the best approach to handle this?
Go Premium
Certified Associate in Project Management Preparation Package (2024)
- Earn 15 PDUs needed for your CAPM certification
- 4454 Superior-grade Certified Associate in Project Management practice questions.
- Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
- Unlock Effortless CAPM preparation: 5 full exams.
- 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
- Bonus: If you upgrade now you get upgraded access to all courses
- Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!