Adapt the cadence and the planning process based on results of periodic retrospectives about characteristics and/or the size/complexity/criticality of the project deliverables in order to maximize the value.
Inspect and adapt the project plan to reflect changes in requirements, schedule, and budget and to reflect shifting priorities based on team learning, delivery experience, stakeholder feedback, and defects in order to maximize business value delivered.
Review and apply these recommendations to the following scenario: You are a project manager for a new video streaming service. Your video streaming service is competing with other prominent and established video streaming services, such as Netflix® and Hulu®. Your project goal is to provide quality programming at a competitive price.
Agile Sizing and Estimation
Planning is different in an Agile project as compared to a Waterfall preplanned project, therefore estimation and sizing of work needs to be adaptable and relevant to the work itself.Size items by using progressive elaboration techniques in order to determine likely project size independent of team velocity and external variables
.Adjust capacity by incorporating maintenance and operations demands and other factors in order to create or update the range estimate.
Create initial scope, schedule, and cost range estimates that reflect current high-level understanding of the effort necessary to deliver the project in order to develop a starting point for managing the project.
Refine scope, schedule, and cost range estimates that reflect the latest understanding of the effort necessary to deliver the project in order to manage the project.
Continuously use data from changes in resource capacity, project size, and velocity metrics in order to evaluate the estimate to complete or ETC.
Respond to the following in a minimum of 175 words:
• Describe 3 items that should be tracked and considered to measure earned value and discuss how that value is determined.
• List 3 KPIs that should be tracked and indicate what good and poor values are for each KPI.