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A burndown chart allows you to visualize progress. It represents the amount of work that remains to be done over time. So as you make progress, the amount of work that remains to be done decreases, creating the downward slope typical of a burndown chart.
If we instead plot work done versus time, work done increases as work progresses, creating the upward slope typical of a burnup chart.
Burn charts are most commonly used in agile project management, where the timeline typically represents a single iteration or sprint.
The time units are usually days and the work units are estimated working hours or story points.
Velocity describes the speed at which work is done and results achieved. Note that it is not a measure of efficiency because in a project environment where long-term performance data is not available, there is no way to establish a reliable baseline for ideal velocity.
We calculate velocity as the amount of work done divided by the time elapsed. Typically, velocity is calculated over the time frame of a full iteration or sprint.
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Chapter markers …
00:00 – What are a burndown chart, a burnup chart and velocity?
00:17 – Burndown charts and burnup charts
00:39 – The burndown chart
00:55 – Burnup chart
01:38 – Units used on burn charts
02:10 – Progress against schedule
03:06 – Progress is slow
03:29 – Progress
03:55 – Speed
04:48 – How we calculate the speed
06:11 – Speed and Scrum
06:36 – Final thoughts
#ProjectManagement #BurndownCharts #AgileVelocity
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