Agile budgets/cost control
For those of you that work in an Agile environment, how do you handle budgets/cost control?
Currently, my company has a process in which individual IT projects are estimated, reviewed and approved. The projects are then worked by IT with clear start/end dates. If we want a phase 2, we need to go back thru the review/approval process (and compete with other dept requests)
I am trying to press us to work towards a more Agile flow, but I think the hold up is going to be wanting a clear cost control. They want each effort estimated, with IT billing time per project.
If your IT team is Agile, how is budget/cost managed?