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Topics: Agile, Earned Value Management, Scrum
Agile Budget vs Estimation and Monitoring
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Can anyone brief in detail about Agile Budgeting? Also suggest best reference for Agile Project Budget? How does we can monitor Projects with some useful metrics. How are all our Estimation techniques will help in Agile Life Cycle? Also suggest Books or Videos to learn?
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Network:70079



Agile budgeting revolves around two things.
  • What is the duration of your sprint?

  • How many resources will be assigned to a sprint?
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Here are a few books which look interesting:

1) Agile Estimating & Planning Your Sprint with Scrum by Paul VII
2) Agile Project Management: Agile: The Complete Overview of Agile Principles and Practices by Paul VII
* 3) Agile Estimating and Planning by Mike Cohn

The last one is what I would start with first. Mike Cohn is with Scrum Alliance and is a major authority on Agile.
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For how to do estimation in Agile, you can refer following video: https://www.youtube.com/watch?v=K5EKB7qviGI
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Stephane has a good answer. I would also add the cost of non-personnel resources that might be needed: work space, telecommunications, licenses/permits, hardware/software, and any expendables (paper and fuel, for instance).
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I agree with Stephane and John answers.
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First of all I think we need to use Agile as an adjective of everything. With that say, after working with Agile from the very begining of the practice I will say that you have to make a separation of concerns. You can apply Agile practices to any type of process you have defined in your organization, for example budgeting or forcasting process. If you are talking about how to create and manage estimations while using an specific method (SCRUM, DSDM, XP, etc) then my recommendation is going to the method definition and specification to take into account what best fits for that method. Let me say: one of the big issues to solve when you use Agile is working with fixed price projects. I can write a lot but I think that a piece of work that will help you is a paper that belongs to Pascal Van Cauwenberghe named "Agile Fixed Projects"

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