Burndown chart is a online tool to create and maintain burndown charts. Burndown charts are for example used in software development and especially in projects using scrum, lean or agile methods. Burndown charts are also called slip charts.
A burndown chart is a graphical representation of work left to do versus time. The outstanding work (or backlog) is on the vertical axis and the time on the horizontal.
A typical example of a burndown chart is given below: