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How to plan long term if only a couple sprints are estimated, or how to choose between projects?

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A basic principle of agile is to wait until the last responsible moment to flesh out and estimate stories. But how can I generate a meaningful burn-up report if only a couple sprints ahead are estimated?

Somewhat related question - how can a decision maker reasonably choose between one project or another if she doesn't have all the stories for each estimated?


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