Traditional Metrics are often centered around measuring planned versus actual. They measure efficiency of scope delivery.
The focus is often around measuring the efficiency of the delivery be it the schedule or cost adherence, Scope delivered or quality of the delivery.
Some of the usual metrics companies track are
- Schedule and Cost Variance
- Volume Of work delivered (KLOC)
- Productivity
- Requirement adherence /Rework
The above metrics help us to see if the teams are delivering as per plan – But in Agile we believe that while planning is indeed quite valuable – plans need to be updated often. Then these metrics do not seem relevant when plans are being updated very often
Another key point missing in the above metrics is the focus on value – These metrics measure only “what work the team did” they do not measure “what Value was generated”