What is a 'Burndown Chart' used for in PRINCE2 Agile?

A Burndown Chart is a key tool used in PRINCE2 Agile to track the amount of work remaining in a sprint, illustrating how much work needs to be completed over time. It provides a visual representation of progress, showing the work left to do against the time available to complete it. This helps teams monitor their progress and adjust their efforts during the sprint, aiming to achieve the sprint goal in the allocated time.

By continuously updating the chart, teams can quickly identify trends in their work rate, enabling better planning and proactive decision-making. The ability to see how the team is performing against their commitments helps in maintaining accountability and focus, ultimately contributing to enhanced delivery and project success.

In the context of other options, tracking team performance over multiple sprints generally involves different metrics and tools rather than just a single chart focusing on a sprint. Visualizing project budgets is a separate financial tracking activity that is not the primary function of a Burndown Chart. Rating individual team member productivity would not be effective with a Burndown Chart, as it is meant for team-level analysis and progress rather than individual performance assessment.