cost per story point. On average our developers complete 10 points per week, or 2 points per day. cost per story point

 
On average our developers complete 10 points per week, or 2 points per daycost per story point T-shirt Sizing is one of the Story points sizing technique to estimate user story usually used in agile projects

It usually. Consistently increased velocity and reduced cost per story point for 15 consecutive sprints through coaching and implementing world-class processes and procedures. On average about 300-700 CFP per day. ) Leading Indicators:During training or coaching sessions on relative estimation and Story Points, I’m often asked how long is a Story Point in hours or days. packaging costs. Budget at Completion (BAC. Story Points are about effort. Because story point values are numerical it is often assumed the math just works out. Story points consider factors like the complexity of the work, the estimated time it will take to complete, the number of resources needed, and more. Add all cost variables. ). Let&#39;s… | 26 comments on LinkedInAgile project budgeting moving from cost per hour to cost per story point; The Product Owner - The Unsung Hero; Like. The planned average cost per story point = USD 100 per story point. The costs for the epic "super feature" are estimated at 15400€. Velocity (past 4 sprints) 30 Story points, assumption the team worked fulltime (100%). But it is also the opposite. 4 fingers — like the idea/plan. For example, if a vendor has a price of $500 per Story Point and is awarded a Task Order worth 200 Story Points, they can invoice the customer $100,000. 3717 Orders Rd, Grove City, OH 43123. In practice, in most cases, the real cost will be less than the given maximum, and closer to your estimate. We do this because people are really good at comparing sizes, but not at. Download your free copy of “76 Product Owner Interview Questions to Avoid Hiring Agile Imposters” – with background information and answers. This is higher than the average cost of $5,050 per month for assisted living facilities in the Ann Arbor area. Total monthly costs typically range from $2,000 to $4,000 per month, but they can vary widely between communities. there are 4 team members, each cost $100/hr, each sprint is 80 hours, and they can pump out 25 story points per sprint. 35% reduction in cost-per-story-point; 260% online registration member adoption to ROI goal and many more; To gain insights on how the client managed to transform from where they were to the marked increase in output of +25% during the transition year itself, download the case study. 1. 6 or 2. Repointing brick costs slightly less, from $3 to $15 per square foot (or $300 to $1,500 for that same 100-square-foot brick section). Story points are used to help organize a project backlog. In the next sprint we do the same over and over again. Study with Quizlet and memorize flashcards containing terms like Applies basic scientific practice, ART Should have a max of how many people?, Market/Customer facing and identifies market needs and more. The trap in this way of thinking is that a Story Point estimate is a relative value that cannot be converted into a fixed value, whether time or cost. For example, 1 Story Point means that CUE is minimal, and the item can be delivered quickly, perhaps in one day or less. Insightful. Story point estimation is the process of assigning story points to a product backlog item or a user story. That's not how Scrum works. Why Points Are Unreliable. 10 per kWh to produce on average. 17. Knowing this in advance, the team only. At the end of 1 st iteration, story points completed were 20 story points. For example, in your company, 0 might equal 15 minutes or less, 0. System is build in increments and each integration point demonstrates some evidence of feasibility of the solution in process. 09:44 pm July 16, 2018. New Agile Teams. VSO has VSQOD teams managing environments from multi-cloud to traditional infrastructure to contact centers through our Mpathic. I started thinking that measuring costs per story point may create inflation in the estimation process due to the expected increase in the team’s performance. continuous exploration continuous integration Continuous Learning Culture Control Chart Conversation Core Competencies Cost Per Story Point counselling. One of the concepts new scrum teams struggle with is how to relate story points and hours. Story points are units of measure for expressing an estimate of the overall effort required to fully implement a product backlog item or any other piece of work. The term originates from the way T-shirt sizes are indicated in the US. Elections How a flood of congressional retirements is rocking the. VSO has VSQOD teams managing environments from multi-cloud to traditional infrastructure to contact centers through our Mpathic. 5 days to complete a size M story that used to take only 3 days in the past. Considering 11 months delivering points (the other 1 month is annual leave) 18k is the Team’s cost per month; 800€ per day; 8k per 2-week Sprint. Keywords: Agile, software, story points. User Stories & Story Writing Capture user needs and deliver value Estimating & Planning Create reliable plans and estimates Mentoring & Coaching Tailored support for agile teamsMake your “Cost Per Story Point” stable. To determine the cost per point, divide the total cost ($160,000) by the number of points (167) and get $958 per point. A fist means not cool. For example 1 points. Welcome to the intriguing world of agile development where terminologies like ‘sprints’, ‘scrum’, ‘backlog’, and ‘story points’ govern our conversations. Previous Previous post: Food for Agile Thought #312: The Micromanager, Ralph Stacey (1942-2021), Jeff’s HiPPOism, Cost per Story Point? Next Next post: Food for Agile Thought #313: The Problem-Solving Trap, Suitably Detailed Roadmap Items, Beloved Definition of Done, Miro’s Product Alignment Framework. eng. Find an algorithm that works. After modifying the cost per SF for the perimeter and story height, then the total base cost can be estmated by multiplying the cost per SF by the total SF for the building. If you are used to the Fibonacci sequence for Story points you can think of the T-shirt sizes when you are estimating PBIs in a similar pattern — XS (1), S (2), M (3), L (5), XL (8). CPO = cost / number_of_orders. The cost per story point, then, is $3520 (sprint cost/velocity). We need to be able to translate points to dollars so we can understand if the value we’d receive from. OPERATE. ART 50. And the team continues like that and pulls more user stories for next sprints and delivers them. 7, and that’s fine. To keep things simple, the hourly cost can be calculated from the average cost of all the team members’ hourly cost. Then take a hardest story and get a third scoring, 5 points. You might also find it interesting to read about 5 whys root cause analysis article. 2021. Using the Cost per Point. The price per square foot would be $100. Pages 100+ Identified Q&As 4. Shout out to this reddit group for introducing me to PMPrepcast Exam Simulator after I failed my first attempt in Dec. suppose a team s cost per point is 2 000 their product owner could then estimate that a 10In this example, a government program has three ARTs (each ART represents 50-125 practitioners). If you know how much the team costs you, and hence how much you want to bill them out for, you can calculate a billing rate per story point by dividing the team rate by their average velocity. Here’s what to do. Calculate the Cost Per Story Point. Cost per story is the team’s total cost for an increment divided by the number of stories delivered. Story-points are a relative estimate based on the complexity of features (also called stories). Repointing two-story or complex chimney stacks costs $5,000 to $7,000. So instead of using story points to estimate stories/tickets, one could use the following schema to estimate tickets from lowest to highest complexity. Values are assigned to more effectively break down work into smaller pieces, so they. planning Sprint Review SSM 5. 39. Read. There are a number of ways a cost per point can be useful. 3 hours. Comment Copy;How do standardize the Story Point so that we can compare the projects performance against a Standard Story Point (Can we use function points as story points). In fact, despite what you may have heard from consultants or others, Scrum is not. VSO has VSQOD teams managing environments from multi-cloud to traditional infrastructure to contact centers through our Mpathic. 50$, 100$, 200$, 400$, 800$, 1600. Story points also provide a metric known as velocity, which is the number of points implemented per sprint. I’ll describe two. E. Question: Technical debt is the gap between a product's actual cost of change (CoC) and its optimal CoC. TWO: Infrastructure. The PMO saved $10 million in operational costs and became the key stakeholder in maintaining the organization's strategy. Story points aren’t meant to be precise – they’re estimates. Based on the preceding example, a year’s worth of three week sprints (17) costs around $864,000. The average cost per story point is $575. [Story Points resolved]*250. It usually. Thank you for the example. Solar energy saves $600 to $2,000 per year on electricity costs. The cost of livin. There are two types of scales used for creating estimation matrices: the linear scale (1,2,3,4,5,6,7…) and Fibonacci sequence numbers (0. OPERATE. It's important to remember that these are estimates, and the most valuable impact of estimating is to help the team plan, forecast, identify misunderstandings, and negotiate scope. Additional work may be necessary when teams are distributed in differing geographic locations, as that can result in a highly varying cost per story point for individual teams. B. Story points are units of measure for expressing an estimate of the overall effort required to fully implement a product backlog item or any other piece of work. Sprint two: 4 user stories x 8 story points = 32. Only three clubs have previously been docked points in Premier League history. Simply add up the total of story points completed from each sprint, then divide by the number of sprints. So, story points are really cost estimations which really boil down to just how long is this going to FFing take what and can we do within the. Happy New Year Happy PI Day happy thanksgiving Heart of Scrum High-Performing ART Highest Priority high performing teams Holidays Horizontally Sliced Story house of safe huddle humor hypothesis idea identical IID imagine Impediment Improve In-person infinite Inform Innovate Innovation innovation and planning innovation riptide. I’ve tried all manner of KPIs and objectives and key results, and I always return to the humble story points per sprint. Assume you have team size of 8 with the rate of 80$ per hour. May 1, 2021. o The backlog must be pointed (or have Story Points assigned). The cost starts at $6,930 per month and includes all utilities, three delicious meals a day, and housekeeping services. This leads to them planning to complete the following product backlog items in the coming sprint. You might be looking at a 1,500-square-foot home that's listed for $150,000. Join us in Dallas!Click here to CSM. , a testing strategy that no longer services the product. Measure customer satisfaction vs total cost of ownership and try to continuously improve. Velocity reminds managers of dropping the default value of full 40 hours per developer weekly, as story points take into account all aspects not necessarily covered in time estimations. Measure customer satisfaction vs total cost of ownership and try to continuously improve. While I’ve proposed a series of different methods for translating Story Points to dollars either via Cost Per Story Point or Total Cost of Solution or Monetized Opportunity Cost, the fact remains that we live in a time-based world (sigh). Set quality expectations with the definition of done. Story points are a commonly used measure for estimating the size of an issue in scrum teams. Establish a key and range of hours to match to your Story Points. Story points are an abstraction of cost. , burn) of running a team for a sprint by the number of story points delivered in the sprint. The estimate is a starting point, a best guess, from which the Story — even. While teams will tend to increase their velocity over time—and that’s a good thing— in reality, the number tends to remain stable. It is likely that you won't be using SAFe’s approach to normalized estimation prior to launching your ART therefore you probably won't be able to baseline this one before you start. However, to be able to do this once you have started you will need to be using normalised estimation, know the labour cost of your ART and. In our example, VBP = 0. 36 and the cost of the change is estimated to $150, just. An NFR was once a Story… an Enabler (a type of a story) to ‘enable’ — like a needed piece of the puzzle to complete the picture — a certain functionality; then once the NFR is built, it becomes a constraint to the backlog. 100 storyPoints / averageVelocity = 10 sprints. 0 Stakeholders standards Starbucks Stay Hungry Steps to Value stop the work Story Story Breakup Story of Self, Us, Now Story Points Strange Strategy Stretch Objective style Subconcious Mind Success Summer Sun Tzu Superstar. Like. $57,500. For example, if your company makes $1Bn in annual. Sprints in your company are 4 weeks This gives an estimate of the cost per story point for the subject teams affected by the new feature. For example: Let’s say a set of stories for a business was delivered in a year…and the aggregated story points is, say, 2,000 points. Key to success in correctly modeling the agile requirements is the awareness of and knowing what to do with the two major types that a story could exclusively fall under; a story is either one of these two types types. This invariable leads to anti-patterns which always prove to be harmful. Obj: Achieve and Maintain great Customer Experience. 2 hours (80/25). labor cost per week for 6-person team: $3,200 ; labor cost per sprint for six-person team: $6,400 ; labor cost for project: $6,400 per sprint * 10 sprints = $64,000. If there are 200 story points, your estimate is 200 / 20 points per iteration, or 10 iterations total. To determine the cost per point, divide the total cost ($160,000) by the number of points (167) and get $958 per. Average labor cost per two-week iteration. Here’s a breakdown of everything that adds to the total cost of replacing a roof. -1 story point for your team might not equal the same amount of effort involved in 1 story point for another team. For a personalized quote, please use the “Get Pricing” link above. This can be considered as an abstract measure of the effort in terms of relative complexity. You don't convert story points into money. Combine this with the cost per story point for executive updates. A task rated two is likely larger than an item that’s a one and smaller than a three-point story. Note that Junior’s number of hours per point is 4 times that of Superstar. We provide complete software development support within a managed, Agile framework. if the sprint cost is £50,000. Story points are great for setting precise deadlines and launch dates, which can be important for developers and for the client’s marketing. However, you can (quite easily) deduce how many hours you spend per story point. Nearby access to 1 grocery store and. Cost per Story Point (2) - measuring the $ per story point by knowing the number of people on the team, the sprint length and the story point velocity to determine the average cost per story point. Planned Value (PV) = (Planned average cost per story point) x (Planned number of story points to be completed at a specific point in time, as per the original plan)A scrum team has just completed their fourth sprint with the average velocity of 25 point. Fees will vary depending on your state of residence. 3 Pre-Requisites To use the Story Points method there are several pre-requisites a team must have in place. Hours per Story Point – Patient Kiosk. Let’s assume I have a team roster of 12 people, but 4 of them are half-time, yielding a total of 10 Full-Time Equivalents (FTEs). The product owner can reasonably assume the team will need 10 iterations (give or take) to complete the required work. KR: Ensure 100% adherence to billing and collections SLA. 17. A User story directly impacts the user, customer, or stakeholder of the product, service or system. Like Reply 1 Reaction 2 Reactions Daniel Negro. Or Mike Cohn's ludicrous "cost per story point" formula. Identifying the cost in dollars of a specific story is a slippery slope, but I think we can do it at a sprint level with reasonable. Measure the cost per story point or function point and strive to deliver more features at a. The average cost of a standard size double-hung vinyl window is between $200 and $500, while labor costs usually range from $100 to $300 per window (or around $40 per hour per laborer). Average housing cost: $1,203 per month. Funny. [Sprint Story Points completed] > 0 THEN 100000 / [Measures]. The term Throughput (TP) is used instead of Delivery Rate (DR) if the end of the process under consideration is not the delivery point. On a hypothetical note, let's say each Resource cost is USD 10/per hour. 1. Story points should be fuzzy. On average, your company can complete an 8-point story in 1. By measuring the duration of a work item from inception to delivery, it measures efficiency, productivity, and quick implementation. As part of the Control Costs process, you determine that the team'saverage velocity is 25 points per sprint, and the team has earned 1/3 of the total number of story points required to completethe entire project. A story-point analysis encompassing 13 RCAS quarterly releases over 43 months illustrates that the Agile Solution Factory achieved a 59 percent increase in productivity, or story points per. 39. They're also similar in that they both use a scale from 1 to 10, with 1. Story points là một thuật ngữ được sử dụng trong quản lý và phát triển dự án để ước lượng độ lớn, độ khó, độ phức tạp cho công việc triển khai một user story nhất định, là một thước đo trừu tượng về nỗ lực cần thiết để thực hiện nó. For example, if your team completed four story points per day, your sprint velocity is 40 story points per two-week sprint. Cost-per-story-point is a great metric to use to convert a team’s internal planning metric (story points) into a stakeholder-facing metric (sticker price). The lower the cost per story, presumably the more value delivered for the money invested. The cost per story point can be derived by identifying the number of work hours of each story point, multiplied by the hourly cost. OPERATE. The team’s product owner can use this cost per point to make decisions. The cost. Remember, like velocity, it's never valid to. Divide that sum by the number of story points, revealing the cost per sprint based on actual throughput. You start working in hours and risk giving commitment. There are several reasons why story points are often an unreliable strategy for planning sprints and providing sufficient information to stakeholders. Objectives contribute to various degrees to planned enterprise returns. 2021. In a two week sprint, a single programmer can work for 80 hours, which would cost 3200$. Finally, the Story Point. For the sake of the exercise, I will use. 5 fingers — absolutely! Best idea/plan ever! You may create your own rules / mechanism — remember Shuhari?Q: How much does StoryPoint Portage cost? Monthly rates at StoryPoint Portage vary among residents, starting at an estimated $3,830. Estimated Story Points (MVP): (Estimated story points for the MVP of the epic) Estimated Monetary Cost (MVP): (Example: Estimated story points * cost per story point for MVP features) Type of Return: (Market share, increased revenue, improved productivity, new markets served, etc. Gut Feel. 0 Stakeholders standards Starbucks Stay Hungry Steps to Value stop the work Story Story Breakup Story of Self, Us, Now Story Points Strange Strategy Stretch Objective style Subconcious Mind Success Summer Sun Tzu Superstar Swarming. 50 million, and FB = 28. 00 For example, Product & Business Metrics initially comprised indicators such as Realized business value, Return on Investment, Stakeholder Net Promoter Score, Customer Net Promoter Score, Number of experiments, Cost per release, Cost of Delay, Cost per story point, Program predictability, and Forecast accuracy. Story points in epic "Super Feature". Things don’t always go according to plan, even in an Agile project. Almost 80% of effort was already spent on these user stories. 5 (Cost per Iteration ÷ 20) TABLE 10. Story Point based Cost Estimation 09/04/2018 G DATA Blog Story points are popular in agile software development to estimate the work, complexity and risk of. ) Is a FRAMEWORK! 3 Pillars TIA:. Local and independent concern in safe however story. Start by deciding on your sizes. Units sold =. Several relevant metrics will be examined, including cost per story point, cost per requirement, scope growth rates, impacts of team size changes on velocity and productivity, and various others. to do, doing, done) using two observed values: 1) the WIP in that state and 2. Figure 2 below shows an EVM performance chart with plan, actual costs, earned value, and various forecasts: Your cost per story point is $25,000 / 25 = $1000. About; Contact;The most valuable applications for story points are eliting your skills (you should elite every combat skill you plan on using, which means you should be eliting every combat skill you take, which will be somewhere between 4-7 depending on your build) building hull mods into your ships (1 point per hull mod, can't be recovered, 2 -3 per ship. Some continuing care communities may require you to pay entrance fees of up to $300,000, in addition to monthly fees. The formula for cost estimation is as: Cost= ( (Man hours in sprint x average salary per hour) / average velocity) x number of stories. Story-points are a relative estimate based on the complexity of features (also called stories). I normally just use ideal days. The example describes how to import both files into eazyBI, mapping budget to custom field Cost Center and Time, and mapping Rate. With relative estimating, the size for each story is estimated relative to the size of other stories. The team costs 25. 00. Bottom line: It costs $27,156. Story point estimation is the process of assigning story points to a product backlog item or a user story. Their product owner could then estimate that a 10-point product backlog item will cost about $20,000. In this light, SAFe needed a more appropriate word… that can be used at scale. In one teams case this was $2,370 for a Story Point and a Feature cost. 5 story points with team A is not synonymous with 5 story points with team B. End of preview. As long as government programs and contractors follow the Lean-Agile principle of long-lived teams-of-teams, the historical patterns of story points consumed to build features can be used to derive a cost-per-story-point metric. Why and how. It's important to monitor how velocity evolves over time. For the sake of the exercise, I will use each point’s cost as $1,600. You can first create a query like the following and add story points field through Column options. As a driver I want a receipt after fueling so that I can expense the purchase As from BIO 124A at School of the Nations31- Based on this iteration’s burndown chart, what can be said about this iteration?KR: Reduce Infra, operations, support cost per MaU per month from x to y. Given the fact that the team has earned 1/3 of the story points required to complete the entire project and they estimate the average cost per story point at $575, what is the expected cost for completing the reminder of the project? To calculate story points, you have to assign a point value to every story. 35 to $11 per square foot. Using the Cost per Point. 01. Considering an average velocity of 30 Story Points, each Story Point will cost 265€. We have not provided a template for this,. ) Anticipated. -1 story point for your team might not equal the same amount of effort involved in 1 story point for another team. Sprints in your company are 4 weeksThis gives an estimate of the cost per story point for the subject teams affected by the new feature. using 450 hours of effort. 25. The cost. It helps people understand the scope of the work they plan to do in a sprint. These include: • A product backlog the team believes is substantially complete o The backlog can be at the Epic level or a mix of Stories and Epics. If you are going to estimate with use case points, it is definitely worth starting a project repository for this type of data. Combine it with cost per story point for. The cost of a software development effort is a function of the team for a period of time, perhaps considering resources if you forward those costs along. StoryPoint Grove City. AG01 – PPT – Smallwood – Agile Software Development. Add a comment |. Nói một cách dễ hiểu, story points là một con số, một. A get() and put() function to read/write values from the summary dataframe object; An autolabel() function to draw values above bar graph elements . Based on the preceding example, a year’s worth of three week sprints (17) costs around $864,000. At the end of 1 st iteration, story points completed were 20 story points. Click here for CSPO. Translating Story Points to hours. Divide total cost by number of story points delivered, and you have your cost per story point. Cost per Story Point. Repointing brick costs slightly less, from $3 to $15 per square foot (or $300 to $1,500 for that same 100-square-foot brick section). Your monthly costs at Storypoint Medina will vary depending on room type and the level of care needed. We provide complete software development support within a managed, Agile framework. – Ed Donner, Nebula. Business Value is fleeting — i. Story point - unit-less number that indicates relative size of a user story compared to a small reference story. To determine the cost per point, divide the total cost ($160,000) by the number of points (167) and get $958 per point. In 2008, Industrial Logic was asked by a Silicon Valley startup (now owned by I. The team’s product owner can use this cost per point to make decisions. 00. DR = 1 order / minute. Join more than 49,000 professionals who subscribe to Food for Agile Thought. It is likely that you won't be using SAFe’s approach to normalized estimation prior to launching your ART therefore you probably won't be able to baseline this one before you start. We need to evaluate the change requests so we can decide which ones to move forward with and which ones to reject. In a number of posts, including Enterprise Agility – The Big Picture(5) The Release Revisited I’ve commented on the desirability of separating Internal Releases (or Potentially Shippable Increments) from External or General Availability Releases. View 3-4 WebPayroll Revenue Example(1). 13. <br />What is the estimate to complete the remaining work?Story Points Per Sprint. The need for story points emerged from the inherent imprecision of software estimation, which leads to endless hand-wringing over how many hours a task will take, usually leading to an estimate that’s wrong anyway. (ex. Good stories provide Value! In SAFe, there are two story types: User and Enabler. Be careful with the cost per Story Point calculation, however. Here's what you need to know. OPERATE. If you’re just getting started, stick to Small, Medium, Large, and Extra Large. Most compilers/interpreters look for some type of indicator to find end of statements. ART. Total = 96. What is cost per thousand (CPT)? Cost of an ad to reach a 1000 people in a particular target group. With doctors being the heroes we all await, one needs to represent them correctly on the screen of the television. Key points. Celebrate. 08 to $0. Teams assign story points relative to work complexity, the amount of work, and risk or uncertainty. k. We provide complete software development support within a managed, Agile framework. Agile allows for fast and efficient delivery of user capability, enabling access to what the user considers their. With this, we can determine the following. The truth is, though, that the relationship, while real, is not quite that easy to. SAFe 5. At this point in 2021, the NRCC had $67. Measure the cost per story point or function point and strive to deliver more features at a continuously decreasing cost. Product element with both associated story points (8) and benefit points (13, 8, 5). Team iOS. 6. This permanent solution involves placing hydraulically lifted piers at several different. Feature A 12SP = 9. Step Two: Multiply the weekly cost of the sprint by the length of the sprint. I bill them out at $125,000 per sprint. It provides a false sense of accuracy as you reduce a story point with a time range of 10–20 hours to a precise number like 15 hours. Subtract how many days people are not at work (PTO, holidays, not doing sprints and their cost goes elsewhere). Regularly update your customer with fair and realistic estimates. "Story points are relative, without a connection to any specific unit of measure. Velocity - number of story points that a Scrum team. MVP VISION Team Name Roadmap Chart Comparing Sprint Velocity of Teams 1 vs Team 2 Chart showing cost per story point. For example, let’s say that your team finishes 50 story points in 2 sprints. Your project might have. Story points are more complex for budgeting. Study with Quizlet and memorize flashcards containing terms like Applies basic scientific practice, ART Should have a max of how many people?, Market/Customer facing and identifies market needs and more. Both Story Point Estimations and T-Shirt Sizing are useful for estimating the amount of work required to complete a story. Each iteration the teams completes a number of story-points and the average is their velocity. 17. At this level of team maturity, what is the advantage of keeping estimating PB items in story points, while the rest of the organization uses man-days as an universal. One team may assign 5 story points to one task, while another would allocate 8 story points to build the same functionality. Read. This number varies depending on the type of room you select and level of care you need: a Seniorly Advisor can provide you with the most accurate and up-to-date prices for Storypoint Middletown. 6. Clarence Galapon. Knowing this in advance, the team only commits to a maximum of 36 story points during iteration planning. Rather than using a number of planning pokers, here, Items are classified into t-shirt sizes: XS, S, M, L, XL. So the Actual Sprint cost for the Product owner would be USD 5000. This time distribution is unknown during estimation. Read more. Today, we dive into an. In the next section we start setting everything. 2. rather than one or two updates per year. 53 to $3. On a hypothetical note, let's say each Resource cost is USD 10/per hour. Welcome to the intriguing world of agile development where terminologies like ‘sprints’, ‘scrum’, ‘backlog’, and ‘story points’ govern our conversations.