Agile EVM (Earned Value Management)
Evaluates project performance and progress in an agile context.
Agile Earned Value Management (Agile EVM) adapts traditional EVM to fit agile project approaches. It focuses on tracking project health through measuring value delivered across iterations or sprints. Agile EVM leverages agile artifacts like product backlogs and burndown charts to calculate earned value metrics. It evaluates progress by comparing planned value (PV), earned value (EV), and actual cost (AC) - but frames these in agile terms: - Planned Value (PV) becomes planned story points across sprints - Earned Value (EV) represents completed story points - Actual Cost (AC) reflects resources invested to achieve results Key differences from traditional EVM: 1. Unit of Measure: Uses story points rather than dollars for project scope 2. Scope Flexibility: Accommodates changing requirements through backlog reprioritization 3. Time Scale: Measures at sprint boundaries rather than linear timelines 4. Planning Horizon: Often focuses on near-term iterations rather than entire project 5. Progress Visualization: Utilizes burndown/burnup charts to display trends Agile EVM calculates essential metrics: - Schedule Performance Index (SPI): Compares work completed vs. planned - Cost Performance Index (CPI): Evaluates budget efficiency - Estimate at Completion (EAC): Projects final project cost based on current performance For PMI-ACP candidates, understanding Agile EVM demonstrates how traditional project controls can be adapted to agile frameworks. It offers quantitative metrics to communicate project status to stakeholders while maintaining agile values of adaptation and regular delivery. Agile EVM balances the need for measurement and reporting with agile principles of responding to change and delivering working software.
Agile Earned Value Management (Agile EVM) adapts traditional EVM to fit agile project approaches. It focuses on tracking project health through measuring value delivered across iterations or sprints.…
Concepts covered: Incremental Delivery, Velocity, Planning and Monitoring Iterations, Estimation Techniques: Story Points and Ideal Time, Burn Down Chart, Agile Release Planning, Tracking Actual Cost, Budget at Completion, Relative Sizing/Story Points, Financial Analysis Techniques: NPV and ROI
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