Sinan GuvenFounder & CEO| Guven Partners LLCHoboken, Nj, United States
I'd like to hear how PM practitioners keep their Agile projects within budget without compromising from the scope and quality. How do you budget for Agile projects? Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
Obviously I fully agree with Wayne above. I firmly believe that we need to put this things on the table due to a lot of missunderstanding and missuse of lot of terms outside there Saving Changes...
Sinan GuvenFounder & CEO| Guven Partners LLCHoboken, Nj, United States
Nov 17, 2016 5:17 PM
Replying to Kevin Flanagan
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I utilize Excel and forecast out every resource I believe I will need based on their bill rates to the company
Thank you for your feedback Kevin. Excel is my favorite planning tool as well. Saving Changes...
Sinan GuvenFounder & CEO| Guven Partners LLCHoboken, Nj, United States
Wayne/Sergio,
Is it right to assume that you budget your projects based on a fixed number of sprints? You determine each sprint's scope collaboratively however you close the project once the predetermined sprints are completed? Or not? Please advise.
I'm still trying to get a clarification to my original budget question.
Thank you,
Sinan
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1 reply by Wayne Mack
Nov 21, 2016 8:59 PM
Wayne Mack
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I would recommend budgeting a project based on the SOW. Ignore the fact that one might use agile during the project. Once one has an overall timeline, the number of sprints can be determined by simple division. Aside from not needing to produce a detailed schedule, most of the project initiation is really unchanged.
Saving Changes...
Wayne MackRetired| RetiredSouth Riding, Va, United States
Nov 20, 2016 5:52 PM
Replying to Sinan Guven
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Wayne/Sergio,
Is it right to assume that you budget your projects based on a fixed number of sprints? You determine each sprint's scope collaboratively however you close the project once the predetermined sprints are completed? Or not? Please advise.
I'm still trying to get a clarification to my original budget question.
Thank you,
Sinan
I would recommend budgeting a project based on the SOW. Ignore the fact that one might use agile during the project. Once one has an overall timeline, the number of sprints can be determined by simple division. Aside from not needing to produce a detailed schedule, most of the project initiation is really unchanged. Saving Changes...
Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
Thank you, both Stéphane and Sergio, for highlighting this article. Saving Changes...
John TiesoAuthor, Lecturer in Business Management| The Catholic University of America, Busch School of Business & EconomicsArlington, Va, United States
Ideally, the estimator(s) of a project will break that project down to manageable pieces (Perhaps agile-type, but certainly discreet tasks), and, using their experience in similar tasks, arrive at a 'price' for that task. Accumulating the task totals to a budget, and adding the integration task, and float should give you a reasonable initial estimate of costs. Saving Changes...
