Date post: | 27-Jun-2015 |
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Technology |
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Agile Series by Nishanth
introducing
Agile EVM
Some Agile Myths
• Agile development is “Extreme Programming (XP) + Scrum
• Agile projects can’t define scope up front
Why EVM?
• Integrates performance, cost, and schedule• Provides cost efficiency readings• Early warning of performance problems• Well known, PMI standard, used in Project
Management over 40 yrs
EVM – A Timeline
Courtesy – Tamara Sulaiman Runyon, Collabnet
Traditional EVM
Agile Earned Value Management (EVM)
• Agile EVM = Traditional EVM + Scrum• Adds value in
– Decision Making– Communication– Visibility
Why Agile EVM?
• Adds cost component to metrics• Balances needs of all stakeholders• Optimise value of releases• Better business decisions
Agile EVM Metrics
• Schedule Performance Index (SPI)• Cost Performance Index (CPI)• Velocity per Sprint• Earned Value vs. Planned Value
Agile EVM Metrics
Defining Initial Release Baseline• # of planned sprints• Sprint Lengths• Budget at Complete (BAC)• Planned Story Points• Start Date
Agile EVM Acronyms
• AC – Actual Cost• PV – Planned Value• EV – Earned Value• EAC – Estimate at Complete• CPI – Cost Performance Index• SPI – Schedule Performance Index
Agile EVM Basic Equations
• PV = Expected % complete1 * BAC• EV = Actual % complete2 * BAC• CPI = EV/AC• SPI = EV/PV
• 1 – SP completed/total SP planned• 2 – no. of sprints completed/total sprints planned
Appendix
• Courtesy– Webinar – Agile EVM – Information for Good
Decision Making, by Tamara Sulaiman Runyon, Collabnet
– White Paper – Earned Value for Agile Development, by John Rusk, Optimation Ltd
Thanks!
Exciting new transitions