Why is Planning Poker considered effective ?

Planning Poker is considered effective in part because it’s collaborative. The whole team estimates effort for a User story or a backlog item and each member estimates the whole effort and not just his or her part of it. So this helps everyone on the team get a good understanding of the whole project.

Why is a Fibonacci sequence used for estimating User Stories ?

The reason for using the Fibonacci sequence instead of simply doubling each subsequent value is because estimating a task as exactly double the effort as another task is misleadingly precise. A task that is about twice as much effort as a 5, has to be evaluated as either a bit less than double (8) or a bit more than double (13). 

What is a Burndown chart ?

A Burndown chart is a graphical representation of work left to do versus time. The outstanding work or the Sprint backlog is shown on the vertical axis and time along the horizontal axis. Burndown charts are useful for predicting when all of the work will be completed. The outstanding work is usually represented in terms of story points.  

An example of Burndown chart is as follows –

How is a Burndown chart useful ?

The Burndown chart is a useful tool to figure out how much work has been done and how much work is left to do and whether or not the team will complete all of the work planned for the Sprint.

What is a Burnup chart ?

A burn up chart tracks the amount of work to be completed as one straight line across the top of the graph (unless a scope change occurs). A second line is then used to track work completed, starting at zero and increasing to the right as more tasks are finished.  

What is Velocity ?

Velocity is a measure of how much work a team can get done in one Sprint. Velocity is usually measured in Story points per Sprint.