Select all that applyIdentify the percent complete rules for placing costs in baselines.Multiple select question.0/100 percent rule80/20 rule0/100 with weighted monitoring gatesPercent complete with weighted monitoring gates50/50 percent rule
Question
Select all that applyIdentify the percent complete rules for placing costs in baselines.Multiple select question.0/100 percent rule80/20 rule0/100 with weighted monitoring gatesPercent complete with weighted monitoring gates50/50 percent rule
Solution
The rules for placing costs in baselines can vary depending on the specific project management methodology being used. However, the common rules include:
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0/100 percent rule: This rule states that a task is considered 0% complete until it is fully completed, at which point it is considered 100% complete. This is a common rule used in project management, especially for tasks that cannot be partially completed.
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80/20 rule: Also known as the Pareto principle, this rule is not typically used for measuring percent complete, but rather for identifying the 20% of tasks that will provide 80% of the project's value.
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0/100 with weighted monitoring gates: This is a variation of the 0/100 rule, where progress is measured at specific "gates" or milestones throughout the task. Each gate is assigned a weight, and the task is considered a certain percentage complete when each gate is reached.
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Percent complete with weighted monitoring gates: This is similar to the previous rule, but allows for a task to be considered partially complete before it is fully finished. The percentage complete is determined by the weighted value of the completed gates.
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50/50 percent rule: This rule states that as soon as a task is started, it is considered 50% complete, and it is not considered 100% complete until it is fully finished. This rule is often used for tasks where the effort is evenly distributed throughout the task.
So, the applicable rules for placing costs in baselines are: 0/100 percent rule, 0/100 with weighted monitoring gates, Percent complete with weighted monitoring gates, and 50/50 percent rule.
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