Product Backlog
The product backlog is a document that contains the list of all desired work on the project. All these entries have an overall description, priority based on business value and rough estimates specified. This document is owned by the Product Owner and he/she sets the business value for each item. While the team is responsible for updating the development estimates in the document. This document is re-prioritized at the start of each and every sprint.
Sprint Backlog
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