A Comprehensive Glossary of
Project Management Terms

Everything you need to know about project management in one list

What is Burn Rate?

Burn rate typically refers to the rate at which a project’s resources and budget are used up over its course. Larger projects have higher burn rates because they need more resources to complete activities on a day-to-day basis. It is a metric that can be useful in indicating when a project goes out of scope.

Further Reading:

What are Burndown Charts and How to Use Them?
What is the Definition of Ready in Scrum and How Do You Define it?
What are User Stories and Why are They Important
Looking for the right tools to power your agile project?

All Terms

What is Burn Rate?

Burn rate typically refers to the rate at which a project’s resources and budget are used up over its course. Larger projects have higher burn rates because they need more resources to complete activities on a day-to-day basis. It is a metric that can be useful in indicating when a project goes out of scope.

Further Reading:

What are Burndown Charts and How to Use Them?
What is the Definition of Ready in Scrum and How Do You Define it?
What are User Stories and Why are They Important
Looking for the right tools to power your agile project?