High-Tech Yuga

Tracking project revenue in Scrum helps project manager to monitor and forecast the project. As a manager you will be closely working with Sales team and Finance team for creating SOW. You should have the job level rate card for the project as below and calculate the Blended Rate ($/hr). In this revenue calculation we are running project in Scrum and using JIRA tool.  Blended Rate = average of all above Rate. Please note down below formula for find the project running in positive revenue or running in negative revenue. Planned Cost = Planned Hours*Blended Rate Planned Margin = (Planned Revenue-Planned Cost)/Planned Revenue*100 Actual Cost = Actual Hours*Blended Rate Planned Margin = (Planned Revenue-Planned Cost)/Planned Revenue*100 Actual Margin = (Planned Revenue-Actual Cost)/Planned Revenue*100 Delta = Actual Margin - Planned Margin When Delta is Positive value the project running with Positive margin and when Delta value is negative the project running with Negative Margin...

The budget of the project calculated mostly based on the effort. In agile projects the budget can be calculated based on story point also. The project manger needs to have clear input on the velocity of the team to calculate the budget. Project Budget = Cost per Story Point * Total Story Points Cost per story point = Cost of resources based on the effort spent / Story points per week Assume you have team size of 8 with the rate of 80$ per hour. The total working hours spent by person per week is 40 hours. Total cost per week = 8 (team size) * 80 (rate in $) * 40 (hours/week) = 25,600$ Assume based on the velocity, you team able to complete 16 user stories. Cost per story point = 25,600 (Cost of resources based on the effort spent) / 16 (Story points per week)                                    =  1,600 $ Assume you have 500 story points planned for the project. Project Budget = 1,600 $ * 500 =...