Understanding Your Project Velocity
written by gunther gerlach-2009
Project Velocity is terminology from the Agile Scrum methodology and is basically the same concept as Earned Value in more traditional project management methods.
How it works: Select a regular time period over which to measure project velocity. If you’re using fixed Sprints or iterations, use that time period. Otherwise you can use weeks, fortnights or months. It doesn’t really matter which as long as you’re consistent. Add up the estimates for all the tasks/deliverables/features in your chosen time period. It doesn’t matter whether the estimates are in days, hours or even in relative story points. Only include the estimates for any items that are 100% complete and signed off within the time period. Anything still in progress counts as zero, as there is no value in incomplete work.
