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Enterprise Planning

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Our organization is about to embark on SCRUM.  They will kickoff an 8 week cross-functional planning session where they will have a set of stories, (or features is what they call them) identified that are achievable to be worked on over an 8 week period (4 2-week sprints).  So, it will be 8 weeks of planning (grooming) and 8 weeks of execution.  The outcome of the 8 week planning (which will include estimating the work) will have a cross-functional or enterprise backlog.  Here are my questions: 


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