An Agile Iteration has several checkpoints. Project planning meetings and checkpoints during an Agile project are overheads. For example, At a bare minimum, there would be an Iteration Kickoff and an Iteration Review Meeting. These are administrative overheads because no work is delivered during this time. For shorter iterations, these meetings can be a significant overhead. Suppose, you have a four member team working on a one week Iteration. Assuming a 40 hour week for each person, which gives you 160 hours for the team in the iteration. If from these 160 hours, you have an Iteration Kickoff meeting and an Iteration Review meeting each lasting 4 hours, which would translate to 32 hours, which is about 20 % of the total Iteration team time (effort), spent on overheads. If you put a monetary to each hour, the figure would be quite a bit. Using effective cost management techniques is critical.