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Velocity is great when your team has just started and the people are unsure about how much work they can commit to finish in the next sprint. After a while they should grow more confident. And in my opinion, velocity becomes a dangerous tool at that point. Because it can mask the performance of the team - people tend to aim their estimations towards their velocity. So I think, when the team is at the performing stage, throughput is your measurement to go. How many stories are commited, WIP, done and released at a given time.
Velocity is a vanity metric based on a fictitious number. Limit its usage to what its good for.
Value metrics include:
- Value realized
- Features used/features shipped
- Defect trends
- Team health/morale (via a formal or informal survey once a sprint)
- Customer/stakeholder satisfaction (via a formal or informal survey once a release)
I have implemented a metric based on value delivered, as we agreed with the team to deliver value frequently, this metric is helping the team to increase value in a more suistinable way. I am not happy with story points and user stories since it is more subjective. Using the value added for the team to the product is engaging the team to an specific OKR (objective and key results). this indicator is negotiated by PO and the team.
Can you elaborate on measuring value? What are you using to measure?
Value delivery is aligned with the strategic goal that we are finding , for example if I h ave a fraud indicator and my goal is to reduce the fraud in XX%, the team is measured by reaching goals in each delivery cycle. We have used as well the commit from teams to deliver value for every 2 or 3 sprints to the business and we measure that the teams are effectively delivering valuable product. In some experiences we have measured the #Of value delivery done in a period of time.
I asked to the CEO Company what velocity was for him? his answer was : itis subjective, for me velocity is delivery just on the time we need as an organization, not before not after. if our competitors are sooner than us with an strategic product and gain the market it is a measure that we are not fast as we need
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