Earned Value analysis is really designed for showing how closely you are tracking a pre-defined plan. Schedule efficiency and cost efficiency give separate measures of the degree to which you are "on-time" and on-budget". The problem with agile plans is that the scope of the project is expected to change as it progresses, usually with the aim of keeping schedule and cost more or less constant. Is EV analysis simply not applicable in this case? Actually in the context of a forecasting environment like xProcess, EV can still provide some most valuable metrics to agile plans. I've been invited to present a paper on EV for agile projects in a few months time and so I'd be most interested to hear of others applying EV with plans that must vary over time. Drop me a line if that's you!
If you're interested in receiving a copy of the paper btw click here.
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