Estimating and Tracking Business Value to Effectively Deliver It
Lean and agile focus on delivering business value to the customers as rapidly as possible. On agile projects, story points are often used to estimate and track development effort for user stories. However, to concentrate on delivering business value, we must be able to place a business value on these stories. Through lecture and interactive exercises, Ken Pugh explains how to estimate and track business value. He presents ways to quickly estimating business value for features and stories. He shows the relationships between business values and story points and how to chart business value for progress tracking. By the end, you’ll be able to use business value to focus both the customers and the developers on the most important requirements.
Outline/structure of the Session
What is business value?
How do we estimate it?
What do we do with it?
How do business value, cost of delay, and WSJF relate?
By the end of this session, you should understand:
- What is business value
- Why do you want to measure it
- How to estimate business value
- Ways to track business value delivery
- Who assigns and prioritizes it
Product Owners, Product Managers, Agile Team Members
Overview of agile practices