This document discusses agile estimation practices and progress monitoring. It describes how agile methodologies like Scrum estimate work using story points or ideal hours rather than effort. Features are assigned to sprints and points are "burned" as features are delivered. A burndown chart tracks estimated versus actual work completed over sprints. The document also introduces an approach to earned value analysis for agile projects using a simple chart to monitor schedule and efficiency by comparing planned, earned, and actual cost lines over time. Scope changes are managed by revising the earned value plot.