Velocity allows you to see task completion compared to hours burn and your estimate at completion to help make informed decisions about project planning.
Velocity Chart Data Mapping
Velocity Chart Overview
This report, when integrated with your PM tool(s), allows you to compare resource plans with the work to be done in the backlog.
Once the process of integrating your PM tool with your Parallax offering is complete, you can see effort (points, estimate hours, etc) in the report. Need help setting up your integrations tab within a project? Read our Project Integrations Set-Up article.
Adding work to the project backlog
Once the offerings within your project are connected to both the PM tool and the timesheet project, you will want to make sure you add all your project tasks with effort estimates (points, estimated hours, etc) in your PM tool. Without tasks in your work backlog, this PM report is simply in planning mode and velocity can not be calculated.
Note: You will need to make adjustments to your work backlog in your PM tool.
Take a peek at your work completed over time compared to the hours worked with this burn-up chart. The work backlog is shown in this report as a white dotted line on the burn-up chart that will always total up to 100%. This total work backlog amount correlates with the numbers on the right side of the chart. The work backlog can be adjusted at any point in the project and you will be able to see the adjustments over time on the burn-up chart.
Note: This will combine all work efforts, even if you have one offering connected to Jira and another to Asana, it rolls up to a project-level view.
Solid Purple Line: Hours that have been logged in the timesheet tool.
Dashed Purple Line: Future planned hours from the project shaper. These hours are shown as a percentage, with 100% being all of the project's planned hours.
Solid Blue Line: Work is marked "complete" in the connected PM tool.
Dashed Blue Line: Using the average of the completed work thus far, we can calculate the velocity for the remainder of the project. Velocity measures the productivity rate of the team. If the project does not yet have completed work, the velocity will be calculated based on the total work backlog divided by the remaining number of periods.
Velocity Table Data Mapping
Report Table Overview
Review the project velocity by period in the report table. Here you can see the hours variance and the total PM Effort completed (points, hours, etc) for all People on the project by period.
Hours Variance: Difference between the planned hours and the hours actually worked
Variances that were under the planned amount will be shown in blue cells, whereas variances that were over the planned amount will be shown in red cells.
This is an info note
You can change the entire period view of the report at the top of the page.
Parallax Tip: You can turn off columns in the table by clicking on the hide/show eye icon and deselecting the columns you would like to hide. The assigned effort and remaining effort columns can be turned on here.
Velocity Override & Projections
This report gives you the ability to override the calculated velocity for the remainder of the project to see how that could impact the project.
To the right of the velocity override, you can view the projected amount (actuals + remaining plan) for the project. These projected values are compared to the sold values so you can see the variance between the two. When you make adjustments to your velocity, the end date projection will be affected.
1. Here you can type in the velocity that you expect your team can hit for the remainder of the project.
2. If you would like to go back to the calculated average velocity, click the Reset button.
This report assumes you need to complete all the work in your backlog and will give you an idea of how much longer the project could take at a set velocity. Below is an example of a project with a forecasted end date pushed out past the planned end date.
Other Project Management-related articles:
How to connect and authenticate your integration within settings/integrations.
Read the Project Management FAQ to learn more about how PM integration handles your data.
How to set up a connection between your offering and the PM tool within the Project's Integrations Tab.