Agile EVM Earned Value Management in Scrum Projects authored by Tamara Sulaiman PMP, CSM-P SolutionsIQ; Brent Barton, CSM, SCT SolutionsIQ; and Thomas Blackburn PMP, CSM InfoTech.
- Presented at Agile 2006 Conference. Sulaiman, Barton and Blackburn adopted Earned Value Management (EVM) using values defined in Scrum. The result is called AgileEVM, a project management technique that combines measurements of technical performance, schedule performance and cost performance within a single integrated methodology. It also provides early warning of performance problems while there is still time for corrective action. “The single most important benefit of employing earned value is the cost efficiency reading it provides,” according to Quentin W. Fleming and Joel M. Koppelman. EVM uses values in Scrum, delivers a release date estimate using mean velocity and from this equation, generates an equivalent equation using traditional EVM techniques, thus establishing the validity of using EVM within the Scrum framework. Finally, they used this technique on two projects to further test their hypothesis.
Calculating Earned Business Value For An Agile Project by Dan Rawsthorne
- It is apparent that agility works, whatever that may mean. However, many software projects remain artifact-driven and waterfallish. Why is this? The most common excuses are that agility is too developer-centric, that it is too lightweight, and that feedback to business is hard to understand. In particular, many managers in larger companies miss their metrics. In this paper we address this last problem by defining a new metric, Earned Business Value (EBV), that replaces standard Earned Value Analysis (EVA) metrics, and can be calculated in an agile project. Using EBV, teams can gain better understanding of a project's progress and determine when and where to reallocate resources or change course.