Agile and Earned Value Management

The Agile Earned Value Management (A-EVM) approach provides effective scope variance analysis, comprehensive performance reporting, and predictability that aid in keeping the program on time and on budget. A-EVM is an adapted implementation of the traditional EVM method. In A-EVM, we use the agile framework artifacts as inputs, use traditional EVM calculations, and value delivery is expressed in traditional EVM metrics. The A-EVM approach leverages the iteration or program increment time-boxes, in place of the traditional PMI Release, to provide boundaries around a set of epics or features, which is considered the scope for that time-box. Capacity is calculated for the total project team based on the team’s composition, historical velocity (or industry standard velocity for new teams). Using the combination of the time-box, the team composition and velocity, and the cost data, attendees of this session can then estimate the duration and cost of the project. This session will explore this approach and how it is specifically designed to provide management with the necessary tools and data to analyze project cost, schedule, and performance in real-time throughout the project.