For project managers, efficiency and organization are crucial. And project management charts that can be utilized to boost efficiency and data visualization are a must.
One such useful project management chart is a burndown chart. It allows you to keep track of what has been done, what needs to be done, and how much time is left in the project.
The usage of graphical illusions, statistics, graphs, or any other visualization tool will aid in easing communication as well as collaboration for people involved in the project. And burndown charts help with exactly this!
But what exactly is a burndown chart? In this blog, we will discuss everything you need to know about burndown charts, how to read them, their benefits, and more! Let’s get started!
What is a Burndown Chart? (Definition)
A Burndown Chart is a tool used to gather information about two things – first, the work completed on a project, and second, work that is yet to be done within a given time period.
In agile projects, a team uses a burndown chart as a visual tool to simply determine the progress of a project in the time prescribed as well as how much has been completed during each iteration.
A visual representation of the amount of work completed in an epic or sprint and the total work remaining helps predict the likelihood of a team completing their work in the time available. Burn-down charts also keep team members aware of any scope creep that occurs or that may occur.