The Product Backlog is basically a list of requirements used by the scrum team to develop a product. The product backlog is usually composed by the Product Owner and then prioritized.

A User Story is a documentation process in Agile software development to capture requirements for a software from an end-user perspective.

A Sprint also known as an Iteration is a small divisible work in a grand development of a software that last anywhere from one to four weeks.

Both waterfall and iterative methodologies are used to develop software.

Burn Down and Burn up charts are tools to graphically display the progress of the project. However, both have some advantages and disadvantages.

A Burn Up Chart is a graphical display that accommodates the changing requirements and shows completed work.

A Burn Down Chart is a graphical display that shows the fixed amount of total work required to complete a project or iteration and the amount of work remaining in a given time.

Agile software development methodology accommodates continuously changing and evolving requirements while developing a software.


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