Managing Sprint Costs in Jira with Cost Tracker
Most organizations run Scrum. People become aware of how to work in a sprint setup, so it becomes the standard, especially for the IT sphere. Based on the Scrum framework, the team should monitor its velocity and keep it high and predictable.
There are great reports to monitor sprint results in Jira. Even more, anyone can find it in the Marketplace. If you have a leadership role in a scrum team, you could have tried to get the insights like how many hours equals one story point or which assignee is most effective based on committed User stories and reported hours, etc. Our Time in Status for Jira Cloud app has many solutions for such insights. However, we want to raise one more KPI to sprint results measurements - sprint cost.
How to estimate the sprint cost in Jira?
We built Cost Tracker for Jira Cloud app that can calculate almost any scope of the issue. Still, sprint is super crucial since the project leader works with finance, so it is the big drawback that it can’t be easily calculated alongside velocity.
Below you can find a quick guide on how to get the sprint cost.
- Set the hourly rates for your team.
The tracker add-on syncs all the Jira users and allows setting the hourly rate for every individual. Feel free to fill it with historical data. That will allow you to compare the recent sprints to more old ones.
- Build the right filters
At this stage, the add-on can generate the cost report based on any Jira filter, so build the simple Jira filter with your sprint name.
- Generate the report
Finally, go to Cost Tracker and click Generate report. Select the filter with a particular sprint and its active period. Then get the report with sprint cost.
The Scope tab will show you every issue cost for the particular period. The Team tab is about every individual that reported the time to the scope in question.
To compare sprints, change the filter to another. The figures will immediately appear on the page.
Read our tips from previous articles, try to use Cost Tracker and keep your finances in order:
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Iryna Komarnitska_SaaSJet_
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