You are responsible for analyzing and quantifying cost and schedule performance

Question

You are responsible for analyzing and quantifying cost and schedule performance on an Agile life cycle development project. During planning for the first sprint, the development team decided on a sprint duration of 15 days and estimated they could complete 30 story points during the sprint. The development teams consists of five people with an aggregate daily cost of $500. Assume this is the daily sprint cost.
Note: Story points represent about equal amounts of work and are a way of estimating the scope of a product backlog item based on size and complexity. A large and/or complex product backlog item is worth more story points than a smaller and/or less complex product backlog item.
At the end of 10 days, the development team has completed only 17 story points. What is the equivalent EVM Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV), and Cost Performance Index (CPI)? You are responsible for analyzing and quantifying cost and schedule performance on an Agile life cycle development project. During planning for the first sprint, the development team decided on a sprint duration of 15 days and estimated they could complete 30 story points during the sprint. The development teams consists of five people with an aggregate daily cost of $500. Assume this is the daily sprint cost.
Note: Story points represent about equal amounts of work and are a way of estimating the scope of a product backlog item based on size and complexity. A large and/or complex product backlog item is worth more story points than a smaller and/or less complex product backlog item.
At the end of 10 days, the development team has completed only 17 story points. What is the equivalent EVM Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV), and Cost Performance Index (CPI)? You are responsible for analyzing and quantifying cost and schedule performance on an Agile life cycle development project. During planning for the first sprint, the development team decided on a sprint duration of 15 days and estimated they could complete 30 story points during the sprint. The development teams consists of five people with an aggregate daily cost of $500. Assume this is the daily sprint cost.
Note: Story points represent about equal amounts of work and are a way of estimating the scope of a product backlog item based on size and complexity. A large and/or complex product backlog item is worth more story points than a smaller and/or less complex product backlog item.
At the end of 10 days, the development team has completed only 17 story points. What is the equivalent EVM Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV), and Cost Performance Index (CPI)?

Explanation / Answer

Days

Story points

Planned

15

30

Actual

10

17

Planned Value = Planned completion % * Budgeted cost = 100%* ($500*15 days) = $7500

Earned Value = Actual completion % * Budgeted cost = (17/30*100)* ($500*15 days) = $4250

A negative schedule variance means the project is behind of schedule.

If SPI is less than 1, it indicates that the projest is potentially behind schedule.

A negative cost variance means the project is over budget.

A CPI of less than 1 means the project is over budget.

Days

Story points

Planned

15

30

Actual

10

17

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