Re: Responsibility

Ron Jeffries wrote:
 
> Also, I believe that Earned Value is generally not about the same 
kind of value
> as business value. Earned Value as I understand it is about 
estimating the
> percentage of COST thus far expended. Am I right on that, Glen?

Yes sort of, in terms of percentage complete. Project now has 
Physcial Percentage complete as well. BUT if we report percent 
complete the work is "level of effort" like and may not repreent the 
actual value the progress.

The key to understanding EV (and it is not intuitive, as velocity is 
not always intuitive) is we want to measure the amount of 
accomplished work (Budgeted Cost for Work Performed) versus what was 
invested to accomplish that work (Actual Cost of Work Performed). 

Usually this are measures in units of "dollars." What wer'e evolving 
now is how the "dollarize" a specific "story," Use Case, FP etc in 
units that are not directly "time passing." If we "dollarize" in 
units of time passing, then the process is measuring Level of Effort. 
And LOE is the "curse" of the software development business.

Another posters has a message describing a similar concept, so I'll 
put both concepts together next week for our "brown bag."
 
> Ron 

Glen B. Alleman


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