Bucket System project estimation

The Bucket System is an Agile estimation technique that uses predefined buckets to group tasks or user stories by size, complexity, or effort.

Each bucket represents an estimate range, such as small, medium, or large.

The Bucket System is a group activity that helps align the team's understanding of work effort and complexity.

It's a good technique for quickly estimating a large number of items with a medium to large group of people.

The effort of small, medium, or large bucket size arrived by team based on T-shirt sizing, PERT estimation or Planning Poker.

Each bucket represents a level or an estimate range (e.g., small, medium, large). The team compares user stories to one another and places them into the appropriate buckets. This process is a group activity, promoting discussions and aligning the team's understanding of work complexity and effort.

To use the Bucket System:

Set up a row of cards, or buckets, with values in the Fibonacci sequence or other methods
Present each item or user story from the Product Backlog to the team
Have team members decide if the item's effort or complexity is closer to the low or high end of the scale
Have team members move the item along the scale to reflect its relative position
Compare user stories to each other and place them into the appropriate buckets

Comments

New way of product development

Today is the era of fast-paced world and competitive world. Companies are realizing that the old sequential approach to developing new products won’t get the job done and product can’t be reached to market when compared to competitors. The 4 stages of product development are as follows – R&D, Growth, Maturation, and Decline. Instead of sequential approach, companies are using holistic approach – as in rugby game, the ball gets passed within the team as it moves as a unit up the field. This holistic approach has six characteristics: 1) Build-in-instability 2) Self-organizing project teams 3) Overlapping development phases 4) Multi-learning 5) Subtle (very clear and strong) control 6) Organizational change to explore and learning The above six characteristics forming a fast and flexible process for new product development with advantage of act as a change agent, creative, market driven ideas, flexi...

Product Manager vs Product Owner

Both the product manager and the product owner work towards a common goal, to build and improve products that create meaningful value for customers and all stakeholders within the company. This usually happens by delivering and optimizing product features. Product Manager Product Owner The product manager discovers what users need, prioritizes what to build next, and rallies the team around a product roadmap. The product owner is responsible for maximizing the value of the product by creating and managing the product backlog. This person creates user stories for the development team and communicates the voice of the customer in the Scrum process. Product Manager and Product Owner's work on below vacuum. Product manager focus on: Business Strategy Long term Product Vision Long term Product Strategy Product Roadmap Alignment with Product Owner Product owner focus on: Release Plan (Product Backlog ie: ...

Empiricism (Scrum)

Empiricism asserts that knowledge comes from experience and making decisions based on what is observed. Pillars of Empiricism . Various practices exist to forecast progress, like burn-downs, burn-ups, or cumulative flows. While proven useful, these do not replace the importance of empiricism . In complex environments, what will happen is unknown. Only what has already happened may be used for forward-looking decision making. Each artifact contains a commitment to ensure it provides information that enhances transparency and focus against which progress can be measured: ● For the Product Backlog it is the Product Goal. ● For the Sprint Backlog it is the Sprint Goal. ● For the Increment it is the Definition of Done. These commitments exist to reinforce empiricism . The sum of the Increments is presented at the Sprint Review thus supporting empiricism .

High-Tech Yuga

Search This Blog