What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?
What will be an ideal response?
The 0/100 rule and the 50/50 rule are both techniques for assigning a completion value to activities in a project. A completion value for every activity is a vital piece of information when applying earned value management analysis. The 0/100 rule says that an activity is 0% complete until it is finished, at which time it is 100% complete. The 50/50 rule says that once an activity has been started, it is assigned a value of 50% complete until it is completed, at which time it is 100% complete. Both rules are easy to apply; rather than trying to estimate a precise completion percentage, the project manager or subcontractor needs only supply one of two numbers. These rules are appropriate when work packages are short or are of a nature that vendor deliveries are required.
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Which of the following best describes the term "retained earnings"?
a. The amount of total profits earned by a business since it began operations. b. The amount of interest or claim that the owners have on the assets of the business. c. The future economic resources of a business entity. d. The cumulative profits earned by the business less any dividends distributed.
Productivity is harder to measure in the service sector because ______.
A. inputs are difficult to assess B. the unit of measurement is not heterogeneous C. statistical samples are hard to obtain D. there are no government standards
What term applies to categories of question alternatives that are independent of each other?
A) hypothetical B) exhaustive C) mutually exclusive D) paired E) overlapping
A labor dispute is a risk driver to be considered during network design. What category does a "labor dispute" belong to?
A) Disruptions B) Inventory risk C) Systems risk D) Capacity risk