Innovation Management
Velocity, in the context of agile and lean principles, refers to the measure of the amount of work a team completes within a specific time frame, often expressed in story points or completed tasks. It serves as a critical indicator of a team's productivity and helps in predicting future performance by providing insights into how much work can be accomplished in upcoming iterations. Understanding velocity allows teams to make informed decisions about their planning and capacity management, thereby enhancing their ability to deliver value efficiently.
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