In Agile project management, story points are a relative measure of the size and complexity of a task, while hours are a specific measure of the time required to complete a task. Story points focus on the effort needed to complete a task, while hours focus on the actual time it will take. Story points allow for more flexibility and accuracy in estimating and planning, as they account for uncertainties and variations in task complexity. Hours, on the other hand, provide a more concrete and precise measurement but may not account for unexpected challenges or changes in scope. By using story points, teams can better prioritize and plan their work, leading to more efficient and effective project management.
the difference between production management and operation management?
Materials management covering all the activities related to admin, planning, purchasing & inventory whereas purchasing will be just considering a part of Materials management.
Differentiate between planning and organizing
difference between mbo and traditional management
Story points and hours are two different units of measurement used in project estimation in agile project management. Story points are a relative measure of the size and complexity of a task, while hours are a more concrete measure of the time required to complete a task. Story points are often used in agile project management to estimate the effort required for a task without getting bogged down in specific time estimates. This allows for a more flexible and collaborative approach to planning and prioritizing tasks. Hours, on the other hand, provide a more precise estimate of the time needed to complete a task. To effectively use story points and hours in agile project management, teams can use story points for high-level estimation and planning, and then break down tasks into hours for more detailed scheduling and tracking. This approach allows for a balance between flexibility and precision in project planning and execution.
Planning is a phase in the project management process. The management process consists of initiating, planning executing, and closing. So project planning is a crucial part in project management.
diferece between ratio and regression
There is absolutely no difference between manpower planning and workforce planning.
estimation is to think of an answer before measuring the quantity and approximation is to round off.
1.tax planning is a wider term and tax management is narrow term which is a part of tax planning. 2.tax planning emphasizes on tax minimization whereas, tax management is compliance of legal formalities . 3.every person does not requires tax planning but tax management is essential for everyone. 4.tax planning is about future benefits and tax management is about present benefits.
the difference between production management and operation management?
Materials management covering all the activities related to admin, planning, purchasing & inventory whereas purchasing will be just considering a part of Materials management.
Differentiate between planning and organizing
difference between scientific management practices and modern management practices.?
difference between mbo and traditional management
Story points and hours are two different units of measurement used in project estimation in agile project management. Story points are a relative measure of the size and complexity of a task, while hours are a more concrete measure of the time required to complete a task. Story points are often used in agile project management to estimate the effort required for a task without getting bogged down in specific time estimates. This allows for a more flexible and collaborative approach to planning and prioritizing tasks. Hours, on the other hand, provide a more precise estimate of the time needed to complete a task. To effectively use story points and hours in agile project management, teams can use story points for high-level estimation and planning, and then break down tasks into hours for more detailed scheduling and tracking. This approach allows for a balance between flexibility and precision in project planning and execution.
Bookkeeping is the maintenance of the company's financial records. Accounting is the analysis and interpretation of that data for management and planning purposes.