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 2 3 4 5 6 7 8 Points in Backlog 240 210 185 Points: Points Completed Added 30 25 30 30 20 25 35 40 0 0 15 0 10 20 0 0 Remaining Backlog 210 185 170 Planned Value (Cumulative) $50K $100K $150K Actual Cost for the Iteration and Cumulative for the Project $55K $55K $50K $105K $60K $50K $55K $30K $45K $50K Earned Value to Date .125 or $50K 23 or $91.6K