Problems using money to measure time
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Discussion of why indicators like SPI and SV can be misleading. Download additional slides, videos, and resources at https://www.christiansonjs.com/ Signup for The Free-Range Technologist, a monthly newsletter filled with creative commons resources, useful apps, and lifehacks: https://mailchi.mp/f8f0219bc305/jscott
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Problems using money to measure time
- 1. Be Careful When Using Money to Measure Time
- 2. Percent of work complete 100% Earned Value EV= 4,134 X 100% = $4,134 Project Total PV = $4,134
- 3. $0.00 $1,250.00 $2,500.00 $3,750.00 $5,000.00 0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 PV AC EV SV= 0 PV = $2574 EV = $2574
- 4. Be Careful When Using Money to Measure Time
- 5. Indexes to Monitor Progress
Editor's Notes
- Using Money to Measure Time works fine while the activity or project is underway, but once the activity or project is completed, the SPI will be 1.00 regardless of how late the activity or project was delivered.
- And overall as a project we have 50% of the work complete:
- As you might be able to imagine, we can extrapolate from here. Where will we endup if things keep going the way they are, What will we need to do get thing back on track.
- Using Money to Measure Time works fine while the activity or project is underway, but once the activity or project is completed, the SPI will be 1.00 regardless of how late the activity or project was delivered.