Estimating Time and Resources in Agile Projects:
- Story Points & Velocity: Teams use story points to estimate effort, not time. Velocity measures how many points the team completes per sprint, helping estimate future work.
- Planning Poker: Team members assign story points to tasks and then discuss them to reach a consensus on effort and complexity.
- Time-Boxing: Work is planned within fixed sprint durations (2-4 weeks), focusing on what can be completed, not exact hours.
- Resource Allocation: Estimate team capacity and assign resources based on skill and availability, adjusting as the project evolves.
Example:
In a feature development project, the team estimates tasks in story points (e.g., 8 for design, 5 for dev). With a velocity of 20 points per sprint, they estimate two sprints to finish the feature.