Final answer:
Normalized story point estimating allows for a consistent measure of work, better velocity prediction, and improves forecast accuracy for future agile project efforts.
Step-by-step explanation:
One benefit of normalized story point estimating in agile project management is that it helps create a consistent measure of work across different iterations or sprints and among various team members. Normalizing story points allows the team to better predict its velocity and improves the accuracy of estimating how much work can be accomplished in future sprints. By using normalized estimates, the team can compare the complexity and effort of User Stories regardless of the person doing the work or the sprint in which the work is done. This comparability and predictability are crucial in creating realistic roadmaps and in managing stakeholder expectations.