Velocity
The amount of work an agile team completes in a sprint, used to forecast future capacity.
Velocity measures how much work an agile team completes per iteration, expressed in story points or accepted stories. Teams sum the points of stories fully accepted at the sprint review and average several sprints to get a stable planning figure, then use it to forecast remaining sprints and the release date. The exam distinction: velocity is effort-weighted, while throughput counts items regardless of size. Velocity is team-specific and a lagging indicator, so never use it to rank teams, and expect new teams to need a few sprints before it stabilizes.
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