An agile project has a fixed budget but variable scope. The sponsor wants to know how the team tracks if they are on budget. Which metric is MOST appropriate for the project manager to present?

Answer options:

Schedule Performance Index (SPI)

Estimate to Complete (ETC)

Velocity

Cost Performance Index (CPI) or Burn rate

How to approach this question

Select the metric that specifically relates money spent to value/progress.

Full Answer

D.Cost Performance Index (CPI) or Burn rate✓ Correct

Task 5 involves monitoring budget variations. CPI is the standard efficiency metric. Burn rate is the agile term for run rate. Both answer 'are we on budget?'.

Common mistakes

Thinking Velocity tracks budget (it tracks throughput).

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