You are on a project team to create a website with a project budget of $400,000. There are 8 planned iterations to deliver 240 initial story points (the backlog) with each iteration expected to deliver 30 story points. Fill in the follow table below to determine project status. At the end of iteration 4 there is a project review.

What is the Cost Variance, Schedule Variance, CPI, and SPI at this point in the project?

Create a burn down chart which shows the planned burndown of story points along with the actual completion for each iteration. Given the numbers you have calculated in the questions above as well as your burn down charts, is the project doing well or is it in trouble? How many iterations will be required to finish the project? What would you expect the budget overage to be?

Iteration Points in Backlog Points Completed Points Added Remaining Backlog Earned Value to Date Planned Actual Value Cost for (Cumulative) the Iteration and Cumulative for the Project $50K $55K $55K 240 30 0 210 .125 or $50K 2 210 25 0 185 $100K S50K $105K .23 or $91.6K 185 30 15 170 $150K $60K 4 30 0 S50K 5 20 10 $55K 6 25 20 $30K 7 35 0 $45K 8 40 $50K