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CAPM Practice: Determine how to document project controls for an adaptive project

Question 24 of 60 in Determine how to document project controls for an adaptive project

An organization's PMO requires all projects to use earned value management for cost control. An adaptive team argues that EVM doesn't work for their agile project. How should this be resolved?
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Correct answer: Apply EVM concepts at the sprint level: PV = story points planned, EV = story points completed, AC = actual hours/costs — using story points as the unit of value

Explanation

EVM concepts can be adapted for agile projects. By treating story points as the 'value' unit: PV = story points planned for the sprint or release; EV = story points completed (meeting DoD); AC = actual hours or costs. This enables SPI and CPI calculations at sprint or release level, providing the cost performance visibility the PMO requires while using adaptive measurements. This 'Agile EVM' or 'Earned Business Value' approach satisfies organizational governance without abandoning adaptive practices.

Key Concept

This question covers Determine how to document project controls for an adaptive project under Determine how to document project controls for an adaptive project (Agile Frameworks/Methodologies).

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