Home Agile Quantitative methods for determining the Value of a work item AgileScrum Quantitative methods for determining the Value of a work item 758 FacebookTwitterPinterestWhatsApp What are some of the quantitative methods for determining the Value of a work item ? The value of a work item can be determined by using below techniques – Bubble sort – Start at the top of a list of epics/ capabilities/ features/ stories Compare value of epic/ capability/ feature/ story one at a time Move the lower value epic/ capability/ feature/ story down one place in list Repeat until all epic/ capability/ feature/ story have been compared Planning Poker – Pick a low value epic/ capability/ feature/ story and Assign it an average point Use estimation cards to independently estimate an epic/ capability/ feature/ story Show estimates, discuss highs and lows, estimate again When everyone is within three cards, average the estimates Break even Analysis – Compare cost of epic/ capability/ feature/ story creation with expected incremental revenue of feature How many incremental units would the company need to sell to equal the development cost? Cost of Delay – Estimate the opportunity cost of NOT completing a epic/ capability/ feature/ story Divide by epic/ capability/ feature/ story size to get a “proxy” for ROI Return on Investment ( ROI ) – ROI = (Total expected revenue from new feature)/ (total cost to develop feature) – 1 And expressed as a percent RELATED ARTICLESMORE FROM AUTHOR Agile What is Terraform Agile Common Agile Practices, Lean Agile, Value Stream Analysis Agile How should a Scrum master respond to these situations ? Agile Initiating a project team to Scrum Agile Planning Poker / Burndown Chart / Burnup Chart Agile Planning Poker / Task Boards - Advertisement - APLICATIONS Agile User Stories / Story Point / T Shirt sizes / Story... pankaj - November 17, 2023 0 What are the common approaches to sizing User Stories ? The common approaches to sizing User Stories include using – Story Points and T-shirt sizes. What... Role played by a Scrum Master and the Core Values of... November 10, 2023 Values, Principles and Essence of the Agile Manifesto November 10, 2023 Why is Scrum the most common approach to Agile and why... November 10, 2023 HOT NEWS Agile Transparency, Inspection and Adaptation in Scrum Agile How do teams Welcoming changing requirements and deliver working software Agile Common Agile Practices, Lean Agile, Value Stream Analysis Agile Respect and Openness values of Scrum