What do Agile metrics like Velocity measure?

Agile metrics, particularly Velocity, specifically measure the amount of work completed by the team in a Sprint. This metric is critical for Agile teams as it reflects the team's productivity over a defined time frame, usually a Sprint lasting between one to four weeks.

Velocity is often calculated by counting the number of story points (or other units of measure for workload) that a team completes during a Sprint. This measurement helps teams to estimate how much work they can typically handle in future Sprints, assisting in better planning and forecasting. By assessing the amount of work done, teams can also identify trends in their performance over time, allowing for continuous improvement of their processes and practices.

While other options relate to different aspects of project management or team dynamics, they do not capture the primary focus of Velocity. The total project budget and the number of team members involved do not provide insight into team performance within the Agile framework, and the length of project meetings is not relevant to measuring work output. Therefore, the emphasis on the amount of work completed by the team in a Sprint encapsulates the essence of what Velocity is intended to measure.