Version One Enterprise: Process Overview

In Version One, there are five stages to planning and 
executing projects: Product Planning, Release Planning, 
Sprint Planning, Sprint Tracking, and Review. For smaller 
projects it is possible to skip the Release Planning stage 
completely. 

In Product Planning the team composes, estimates, and 
prioritizes Backlog Items. Once a product backlog exists, 
the Product Owner has the option of organizing these 
Backlog Items into one or more Releases. Within a Release, 
Backlog Items are further organized into Sprints. During 
Sprint Planning's detailed planning session, the team 
defines the acceptance tests and identifies all tasks for 
each Backlog Item in the Sprint. 

Once the team completes all tasks for a Backlog Item and 
all tests pass, the Product Owner accepts the Backlog Item. 
Some teams choose to close the Backlog Item at this point 
as well. At the end of the Sprint, the team closes the 
Sprint and conducts a Retrospective. The process repeats 
for the next Sprint.