From budget to end date

Last post 04:39 pm May 15, 2014
by Anonymous
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09:35 am May 15, 2014

A friend of mine started a web design company and he already got a project. He wants to do the project as agile as possible so he asked me to help him out but I’m a bit struggling with the project management side of it.

The project is about restyling an existing, but outdated website.

The client has a budget of 5000 euros. (not the real price of course)

If we want to do the project in an agile fashion with scrum I want to set up an end date but keep the scope variable.
What’s the best way to translate the 5000 euro budget to a potential end date? How is this normally done?

10:14 am May 15, 2014

Has the company worked out its fixed and variable costs per sprint, and its profit margin? Price per sprint should be the basis of the calculation. Ideally the company should provide incremental investment as an option, thereby limiting financial risk to the next potential release.

04:39 pm May 15, 2014

Posted By Ian Mitchell on 15 May 2014 10:14 AM
Has the company worked out its fixed and variable costs per sprint, and its profit margin? Price per sprint should be the basis of the calculation. Ideally the company should provide incremental investment as an option, thereby limiting financial risk to the next potential release.

How to calculate the price per sprint?