If the velocity increased from 250 to 275, does that mean more value is being created?

The concept of velocity in Scrum refers to the amount of work a team completes in a given iteration, often measured in story points or work units. While an increase in velocity from 250 to 275 does indicate that the team has completed more work, it does not inherently mean that more value is being created. This is because velocity is more about the quantity of work completed rather than the quality or the value of that work.

Value in Scrum is typically assessed through customer satisfaction, stakeholder feedback, and the benefits realized from the delivered increments of work that meet user needs. A team could increase their velocity but still deliver work that does not significantly contribute to the product’s value or that does not align with the product vision. Thus, it is crucial to evaluate not only how much work has been done but also how that work serves the overall goals and deliverables of the project.

This understanding clearly differentiates between the concepts of efficiency, capacity, and actual value delivered to customers or users, underscoring that higher velocity does not automatically correlate with greater value outcome.