PMI Agile Certified Practitioner (ACP) Practice Exam

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What does the term "burn rate" refer to in Agile?

The effectiveness of a team in meeting deadlines
The cost per iteration and the rate at which resources are consumed
The speed at which tasks are completed
The overall project budget

The correct answer is: The cost per iteration and the rate at which resources are consumed

The term "burn rate" in Agile specifically refers to the cost per iteration and the rate at which resources are consumed. This concept is crucial in Agile project management as it helps teams monitor their spending relative to the project's progress. Understanding the burn rate enables teams to assess whether they are maintaining an efficient pace of resource consumption and to make informed decisions regarding budget allocation over the course of the project. When evaluating the burn rate, teams can track how quickly they are using their financial and other resources while delivering work. It acts as a crucial metric to ensure that the project stays on track financially and allows for adjustments if the consumption rate exceeds what was budgeted or planned. Other concepts such as effectiveness in meeting deadlines, task completion speed, or overall project budget do not directly describe the burn rate. While those aspects are important in Agile management, they do not encompass the financial implications of resource utilization central to the understanding of burn rate.