The purpose of this article is to guide project managers in implementing an earned value management system by following ANSI/EIA-748 guidelines in a manner consistent with agile software development methodology.
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Earned value analysis is the key to assessing your project health and applying metrics to manage your project. So why do only a few project manager's understand EVA and actually apply it to their projects? This is the first in a six-part series on EVA, providing an introduction into EVA in an easy-to-understand format.
This article presents a variant on the use of schedule performance index (SPI) and schedule variance (SV) to manage schedule performance and includes a description, rationale, and explanation on how to apply the technique. An actual project, as well as examples, are used to illustrate the value and application of the technique. A basic understanding of earned value management (EVM) is required to understanding the article, whereas actual practice using earned value management, schedule performance index, and schedule variance is recommended.