You are the project manager of the HUB Project and your team is in its third sprint. The project aims to build an application that will help home construction planners computer the cost of goods, labor, permits, and provide ordering of materials from their preferred vendors based on cost estimates. The team has been completing eight story points in each of its last sprints. The backlog has a total of 102 story points remaining. Assume these are 2 week sprints.

1. What is the velocity for this team?

2. How long will it take the team to complete the project based on its current velocity?

3. The product owner is interested in a priority which is currently ranked 79 out of the 102 requirements. Based on the velocity of the team what's the lead time of this requirement?

4. How is lead time different than cycle time?