Flashcards in Cost Controls Deck (42)
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1
How satisfied is the Project Team and Stakeholders? Metrics
Motivation
Stakeholders Happiness
2
Is the Quality aligned with the expectations? Metrics
Defect Count
Severity of fault
3
Are we increasing the work delivered? Metrics
Forecast vs Actual velocity
Sprint Burndown
Release Burnup
4
Is our effort aligned with the Business? Metrics
Velocity vs BVE
5
Are we constantly improving own Team Maturity? Metrics
Ratio of successful sprints
Focus Factor
Estimation Accuracy
6
Are we OK in terms of time and Budget? Metrics
Agile EVM
7
AC
Actual Cost
8
PV
Planned Value
9
EV
Earned Value
10
EAC
Estimate at complete
11
CPI
Cost Performance Index
12
SPI
Schedule Performance Index
13
EPC
Expected % Complete
14
APC
Actual % Complete
15
VAC
Variance at Completion
16
Planned Value Equation
PV = Expected % Complete * BAC
17
Earned Value Equation
EV = Actual % Complete * BAC
18
Cost Performance Index Equation
CPI = Earned Value / Actual Value
19
Schedule Performance Index Equation
SPI = Earned Value / Planned Value
20
Actual Percent Complete Equation
Story Points Completed / Total Story Points Planned
21
Earned Value Equation
Number of Sprints Completed / Total Sprints Planned
22
BAC
Budget at completion
23
CPI Meaning
CPI > 1 = Under budget
CPI = 1 = On Budget
CPI < 1 = Over Budget
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SPI Meaning
SPI > 1 = Ahead of Schedule
SPI = 1 = On Schedule
SPI < 1 = Behind Schedule
25
ETC: Estimate to Complete Formula
ETC = (1/CPI)*(BAC-EV)
ETC = (1/0.83)*(250,000-75,000) = 210,000
26
EAC: Estimate at Completion
EAC = ETC + AC
EAC = 210,000 + 90,000 = 300,000
27
Metric: Team Member Happiness/Motivation
Parameter: The Happiness of the Scrum Team Members.
Unit of Measurement: Happiness is commonly measured on a linear scale that ranges from 1-5, where 1 is very unhappy and 5 is very happy.
28
Metric: Stakeholders Happiness
Parameter: The Happiness of the Scrum Team Members
Unit of Measurement: Happiness is commonly measured on a linear scale that ranges from 1-5, where 1 is very unhappy and 5 is very happy.
29
Metric: Ratio of Successful Sprints
Parameter: The degree to which the team is able to meet their commitment.
Unit of Measurement: We measure the Ratio of Successful Sprints as a percentage by dividing the number of successful Sprints by the total amount of Sprints.
30
Metric: Focus Factor
Parameter: The percentage of the team’s effort that results in finished stories.
Unit of Measurement: We measure the focus factor as a percentage by dividing the Velocity by the team’s Work Capacity.
31
Metric: Estimation Accuracy
Parameter: The ability of teams to accurately estimate their work.
Unit of Measurement: We measure the Estimation Accuracy as a percentage by dividing the estimated amount of effort by the actual amount of effort.
32
Metric: Reliability
Parameter: The ability of teams to meet the Story Points they committed to for a Sprint.
Unit of Measurement: The Reliability is measured as a percentage by dividing the amount of committed Story Points by the amount of earned Story Points.
33
Metric: Relative Return On Investment (Relative ROI)
Parameter: The value of the completed work compared to the invested costs, here the amount of Story Points.
Unit of Measurement: A amount in Value points per Story Point.
34
Metric: Total Business Value Earned
Parameter: The Total Business Value Earned is an accumulation of all the Business Value that was earned during a sprint.
Unit of Measurement: An amount in Value Points.
35
Metric: End-to-End metric
Parameter: The amount of effort spent on specific components of the software product
.
Unit of Measurement: An amount in Value Points.
36
Metric: Velocity
Parameter: The velocity is a relative measure of the amount of work delivered during a sprint.
Unit of Measurement: We measure the Velocity in Story Points.
37
Metric: Process Efficiency
Parameter: The Process Efficiency shows how efficient the team members spend their time working on committed stories.
Unit of Measurement: The Process Efficiency is measured as a percentage by dividing the actual work time by the calendar time.
38
Metric: Sprint Burndown
Parameter: The Sprint Burndown shows how much work the team has left versus the ideal amount of work remaining.
Unit of Measurement: We measure the Burndown in Story Points (or hours). Every day, the remaining amount of Story Points is updated.
39
Metric: Release Burnup
Parameter: The Release Burnup show how much a team has left to complete a release versus the ideal amount of work remaining.
Unit of Measurement: We measure the Release Burnup in Story Points (or hours). At the end of every Sprint the Release Burnup is updated.
40
Metric: Defect Count
Parameter: The amount of defects.
Unit of Measurement: We calculate the amount of identified bugs in the Backlog.
41
Metric: Severity of Faults
Parameter: We measure the severity of the fixed defects.
Unit of Measurement: We divide the faults into three different categories: Minor faults, major faults and critical faults. The Scrum team itself can categorize these faults.
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