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Question:

As a project manager, Jose facilitates a weekly project team meeting to oversee proceedings achieved to date. He starts each meeting by sharing the average number of story points completed over the past one-week iteration. This is known as:  

A Velocity 
Explaination

Velocity refers to the average cycle time or stories completed per iteration. This is used by the team to predict how long the project will take, assuming that the velocity calculated is reliable.