6 posts about evm
PMBOK lists 4 EAC formulas: BAC/CPI, AC + (BAC-EV), AC + bottom-up ETC, and AC + (BAC-EV)/(CPI*SPI). When do you use each one? I keep getting different answers on practice exams.
The TCPI formula is (BAC-EV)/(BAC-AC) or (BAC-EV)/(EAC-AC). My study guide says to use EAC when 'the original budget is no longer viable.' What does that mean in practice?
My sponsor keeps asking 'are we on budget?' and I respond with CPI/SPI numbers and their eyes glaze over. What's the best way to communicate EVM data to executives?
My project has a CPI of 0.85 after month 3. The PM says we're 'slightly over budget' but I think it's worse than that. How should I interpret this number and what should I tell the sponsor?
My organization wants EVM reporting but we run Scrum. Story points don't map to dollars. Is there a way to make this work or should I push back?
My SPI is 1.05 which means ahead of schedule. But the critical path shows we're 2 weeks behind. How is this possible?