You're planning to move away from Waterfall and adopt Agile in your organization. This article offers some steps you can take as you make the transition.
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On the surface, it would appear quite easy to transition an organization to Agile, but you shouldn't underestimate the strength of resistance you may encounter. Not many people have worked in a truly Agile environment, so there may be a fear of the unknown or "how it's done", and a compulsion to stick with what they know — i.e., Waterfall.
Triangular distribution is a common formula used when there is insufficient historical data to estimate duration of an activity. It is based on three points that consider estimation uncertainty and risk.
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Key IT governance activities--such as IT alignment, IT resource management, IT spend management and transformation, IT risk management and IT performance monitoring and improvement--must be supported by an agile and credible cost, schedule and risk estimating discipline to be successful.
# Forming – the team is formed, everyone behaves independently