PMP Exam Prep - Agile, Hybrid & Predictive Project Management

A key Earned Value Management (EVM) metric measuring the cost efficiency of budgeted resources. Formula: $CPI=\frac{EV}{AC}$. A value $>1.0$ indicates project performance is under budget, while $<1.0$ indicates over budget.

A key Earned Value Management (EVM) metric measuring schedule efficiency. Formula: $SPI=\frac{EV}{PV}$. A value $>1.0$ indicates project performance is ahead of schedule, while $<1.0$ indicates behind schedule.

Quantitative measures showing dollar-value deviations from baseline budgets and schedules.

Positive values are favorable (under budget / ahead of schedule); negative values are unfavorable.

Forecasting total project cost upon completion based on current performance:

The calculated cost performance factor that must be maintained on remaining work to achieve a specific target (BAC or EAC). Formula based on BAC: $TCPI=\frac{BAC-EV}{BAC-AC}$. A $TCPI>1.0$ indicates remaining work will be harder to complete within budget.

The single accountable role in Scrum responsible for maximizing the product value and managing the Product Backlog. Key tasks include ordering backlog items, defining user story acceptance criteria, and serving as the customer representative.

A true leader and servant leader who ensures the team adheres to Scrum practices and principles. Facilitates Scrum events, protects the team from external distractions, and proactively removes impediments/blockers.

A cross-functional, self-managing group of professionals committed to creating a usable increment every Sprint. They estimate user stories, break down tasks, manage their own technical execution, and own quality standards.