Explanation of Product Backlog
Give a brief explanation of the term Product Backlog.
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The product backlog is a prearranged list of ‘requirements’ which is maintained for a product. It holds Product Backlog Items which are ordered by Product Owner and which are based on considerations like risk, dependencies, business value, date required, and so forth. The features added to backlog are generally written in story arrangement. The product backlog is what which will be built, sorted in the relative order it must be built in. It is editable and open through anyone, but Product Owner is ultimately accountable for ordering the stories on backlog for the Development Team. The product backlog holds rough estimates of business value as well as development effort, these values are frequently stated in story points using a rounded Fibonacci series. Those estimates assist the Product Owner to gauge the timeline and might affect ordering of backlog items. For instance, if the add spell-check as well as add table support features have same business value; the one with smallest development effort will almost certainly have higher priority, since the ROI (or Return on Investment) is higher.
The Product Backlog, and business value of each and every listed item is the accountability of Product Owner. The estimated effort to complete each and every backlog item is, but, determined by Development Team.
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