Home Agile Quantitative methods for determining the Value of a work item AgileScrum Quantitative methods for determining the Value of a work item 760 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 Agile in 2 Minutes and the Agile Movement pankaj - November 10, 2023 0 Explain Agile in 2 minutes ? Agile refers to the Mindset or the set of attitudes to respond quickly to customer requests. Agile includes the set... Common Agile Practices, Lean Agile, Value Stream Analysis November 30, 2023 Differences between Predictive and Adaptive development methods November 10, 2023 Planning Poker / Burndown Chart / Burnup Chart November 17, 2023 HOT NEWS Agile Scrum and Empirical Process Control Agile Differences between Predictive and Adaptive development methods Agile Respect and Openness values of Scrum Agile How should a Scrum master respond to these situations ?