This is a great summary of where to get to in how you budget projects. http://www.agileadvice.com/2011/02/04/agilemanagement/calculating-a-budget-for-an-agile-project-in-six-easy-steps/ Most importantly, Using the definition of “done” add pre- and post- Iteration budgets Every agile team is supposed to be “ cross-functional ” but in reality, there are limits to this. For example, in most software project environments, teams do not include full-time lawyers. This limited cross-functionality determines what the team is capable of delivering in each cycle – anything outside the team’s expertise is usually done as either pre-work or after the iterations (cycles) are finished. Sometimes, this work can be done concurrently with the team. In order to understand this work, it is often valuable to draw an organization-wide value stream map for project delivery. This map will show you the proportion of time spent for each type of work in the proje...
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