How much is your product backlog?

    Typically, the product requests a magazine (product backlog), or part of it, measured by the amount of the planned time-consuming requests (user story), included in it. This figure is interesting in that it can be used to estimate the time period after which these wishes will be realized by the team.

    1. The classics of the genre are here : the amount of labor input / (team size * working hours per day) * focus factor = gives a very inaccurate forecast, because it does not take into account historical data.

    2. To increase accuracy, we take the average speed of team development (velocity) in this release or iteration, take into account the error of underestimation of wishes and the average time spent on fixing errors - and we consider taking these parameters into account = we get a much more accurate result, let's say 5 days for a certain set of wishes.

    However, it is often interesting for the business customer (with the resource model) and the bosses on the team side (fixed-price model) to evaluate the implementation of a set of wishes in the units to which they are accustomed - in money.

    3. We set the cost of the participant’s work , take into account the load of all team members, including the project manager, and now - 5 days of the whole team’s work on the specified work scope will cost about 120 thousand rubles.

    Predicted calculation taking into account statistical information (paragraph 2) inDEVPROM project management system has been around for a long time, and now there is implemented a calculation of the cost of the entire backlog or any part of it :
    • We go into the project budgeting settings, set the Use budgeting checkbox. Choose the desired currency and payment model (hourly, monthly). If it is necessary to hide from the team and the customer who receives how much, put a daw Hide the cost of the participant's work.
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    • In the profile of each project participant, we set the cost of his work for one hour or one month, depending on the chosen payment model.
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    • We expose the wishes with preliminary estimates of the complexity, select the necessary scope (the magazine of the release wishes in its entirety, or a set of wishes united by a tag) and get the necessary statistics:
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    Do you think that such functionality would be useful to you in your project management system?

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