Managing a scrum project is challenging. We use ScrumWorks Pro 3.2. We find this tool is as simple as scrum itself and it forces us in the framework of scrum. One feature of the tool is the ability to assign a benefit / penalty score to a user story (what is the benefit to the user on a scale of 1 to 10 vs. what is the penalty of NOT having that feature on a scale of 1-10).
We will use this as the ROI for the user story in the future, however, we are not using it currently. We believe this will allow the product owner to determine the actual relative cost of the story against the entire product backlog (imagine that).
We have not implemented this yet and I am curious to know how you have assigned relative cost to a story. Naturally, you want this to be consistent and will most certainly have some “scoring” utility that lets you ultimately determine the benefit of a feature vs. the penalty of NOT having the feature.
Mike Cohn was grateful enough to provide a spreadsheet that he used to help determine the “financial” impact of a story. Anyone have another type of tool or process they use that you would want to share with the group?