I've been involved in this agile project at my client for some time and for the past three months or so I've been working in a group that favors a low fidelity mechanism for managing their stories--Post-It notes on a board. The stories, tasks, and acceptance tests are all written on Post-It notes. We are required to keep the stories and tasks in Team Foundation Server (TFS) also, but the group manages the iteration's work from the Post-It notes. The TFS eScrum template is not a particular good system for managing stories and tasks, so we tend to stick to the low fidelity method.
I really dislike this behavior. The Post-It notes are difficult to keep stuck to anything for the entire iteration. They drop off the board and mysteriously get lost. The Post-It notes are typically written in many different handwritings. There's no consistency in display of stories and tasks. Some of the Post-It notes are almost unreadable. The format of the Post-It notes is not consistent. It's difficult to write much on a single Post-It note. Reporting, well...
I'm a big believer in managing your stories and tasks electronically. Use the Post-It notes during iteration planning to facilitate teamwork and collaboration, but don't leave the stories, acceptance tests and tasks in that form for any amount of time. Get them into a tracking system that allows you to easily manage the stories and tasks for the iteration. I'm a big believer of a dashboard view that gives you a high level overview of all the iterations stories and their progress in a single view.
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