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Cost Management

Page history last edited by margaret motamed 14 years, 8 months ago

This page contains links to files and other pages that discuss Agile practices that align with the PMBoK Cost Management knowledge area.


Making Agile Stick - Earned Value to the Rescue 


AgileEVM – Earned Value Management in Scrum Projects a paper by Tamara Sulaiman, Brent Barton, Thomas Blackburn http://www.solutionsiq.com/PDF/Sulaiman-AgileEVM.pdf  Abstract Scrum is an Agile Project Management Framework. This framework specifically focuses on maximizing Return on Investment (ROI). Scrum, however, does not define how to manage and track costs to evaluate actual ROI against the vision. A reasonable cost measurement that integrates with Scrum would help provide an additional feedback loop. We adapted Earned Value Management (EVM), using values defined in Scrum. The result is called AgileEVM (Agile Earned Value Management) and is a simplified set of earned value calculations. From the values in Scrum, we derived a release date estimate using mean velocity and from this equation, generated an equivalent equation using traditional EVM techniques, thus establishing the validity of using EVM with the Scrum framework. Finally, we used this technique on two projects to further test our hypothesis. This investigation also helped us determine the utility of AgileEVM.




http://www.e-technologymanagement.com/tm/index.php?view=article&catid=39%3Aagile&id=234%3Aa-new-governance-model-for-agile-work&format=pdf&option=com_content&Itemid=81 "

When the money runs out the team return to the governance committee. If they can demonstrate progress in technology and business opportunity they are awarded more money."


 A decision rights and accountability framework





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