1860 Module 10 Reporting and Metrics.pdf

https://youtu.be/U313VMm2r7Q EV instructions This impacts whether we move from red/yellow/green status use data to measure performance EV = PV(% work completed so far) https://youtu.be/Gy1P784tKG8 Schedule variance (SV) is the difference in dollars are reporting period between the earned val...

https://youtu.be/U313VMm2r7Q EV instructions This impacts whether we move from red/yellow/green status use data to measure performance EV = PV(% work completed so far) https://youtu.be/Gy1P784tKG8 Schedule variance (SV) is the difference in dollars are reporting period between the earned value and the planned value. in this case, the planned value is higher than the earned value, so the SB is negative. this means that less work has been done than planned, so the project is behind schedule. SPI or schedule performance index, EV/PV is less than 1 Calculations on next slide Schedule variance (SV) is the difference in dollars are reporting period between the earned value (EV) and the planned value (PV). In this case, the planned value is higher than the earned value, so the SV is negative. this means that less work has been done than planned, so the project is behind schedule. SPI or schedule performance index, EV/PV is less than 1 Cost variance (CV) is the difference between earned value and actual costs expressed in dollars. In this case, EV is more than actual cost, so CV is a positive number. this means there has been less costs than expected for the work completed. this project is under budget. cost performance index (CPI), EV/AC is greater than 1. If we extrapolate the EV and the AC, we can see the trend on where these are likely to go if we stay the current course. In this case, the project will continue to complete deliverables late, but also continue to underspend EV is always first Variances are always EV minus X Indices are always EV multiplied X Costs are always EV _____ AC Schedules are always EV ______ PV This project is under budget and behind schedule Calculations from example The PM should not be pleased because time matters more than cost for a conference typically used in agile Graph showing a 1 week sprint on the chart, the Y axis is the user story points or other units depending on what is being used to estimate This chart may be used in reporting to a broader audience, whereas a burndown chart is used by the team 1. The project executing process is create data or facts on Project activities 2. the project monitoring and controlling processes takes the work performance data and converts it to information that can be used to manage the project 3. metrics are tracked to support key performance indicators and are determined from the work performance information 4. Project reports use the metrics and Analysis to present information in a format to share with stakeholders 1. Describes what the team has accomplished in the last period 2. Description of the overall project status 3. Predict future product status and progress based on past information and trends 4. Charts and reports based on the quality metrics collected 5. Physical or electronic summaries of the progress, usually with visuals or graphics to represent the larger data set 6. Graphs and their analysis comparing actual results to planned or expected results 7. Big visual boards to display in high traffic public locations about the project and the advancement of the project. The aim is to radiate information to everyone about the project work You need to be unbelievably aware of everything that is going on