Strategic Planning

Planning should be adapted to the nature of a project. In this assignment, you apply the appropriate planning techniques to complete the project.

Astral Bank is known for providing excellent online services to its customers. As part of a new project, customers will be able to electronically submit a loan request. You’re assigned to be the scrum master of this project within a team of six developers and a product owner.

Since your team is unfamiliar with the agile approach, especially with some of the agile practices for estimating effort:

Create a document summarizing 3 alternative techniques in 175 to 350 words they can use for relative estimating.
Your team decided to use the Fibonacci sequence to assign story points. During sprint planning, the development team estimated a user story to be worth 8 story points, while the product owner’s estimate for the same user story was 3 story points.
Assess in 175 to 350 words how you should assign story points to account for the gap between the two estimates.
At the beginning of the project, the product owner selected 50 user stories for the first release and urged the development team to accomplish them in 5 sprints, assuming that they can complete 10 user stories per sprint.
Analyze in 175 to 350 words the product owner’s mistake in this scenario and evaluate what the product owner should do instead to estimate how many sprints are needed to complete the first release.

Cite any sources to support your assignment.