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You have been hired as an agile project manager by an organization that is new to agile. They have been utilizing waterfall methodologies to execute their projects and counting on your agile experience to bring incremental value to the business. You have been assigned a project. Your colleague provides you with historical data from similar projects on your first assignment and suggests that you calculate your team's velocity and calculate your agile project's end date. What would be your approach?

Thank your colleague and use the provided information as input to you planning process

Advise your colleague that agile projects rely on detailed short$-$term planning and are focused on bringing incremental value over a long$-$term plan with one fintal product.

Share the information with your team, and ask for their input.