Agile Masterclass: Agile for Project Management - Introduction to Estimation

The lecture introduces the concept of estimation in agile development, contrasting it with traditional methods. Traditional estimation focuses on task-based efforts measured in hours, while agile estimation evaluates business value and complexity using story points. Agile estimation is relative, revisited in iterations, and considers factors like business value, complexity, risk, and dependencies. A hypothetical example of painting a house illustrates agile estimation, emphasizing the importance of relative sizing and categorizing user stories into story points.

What does the term 'educated guess' imply in the context of estimation?

Why is it important to revisit estimates and plans in agile methodology?

In agile estimation, how are user stories categorized?