What is the main advantage of using 0/100 and 50/50 rules, over the percent complete rule?Multiple choice question.To reduce overhead costs of collecting dataTo have more specific data about percent completeTo gain more control over subcontractors

The percent complete with weighted monitoring gates rule combines subjective estimated percent complete with ____.Multiple choice question.the 50/50 rulehard, tangible monitoring pointspercent complete index actual costsstatus updates

Which of the following statements correctly define the 100 percent rule for WBS?2 MarksThe project is only considered complete once all requirements defi the original scope statements have been completed.The project is only considered complete once all requirements in th approved scope baseline have been completed.The final deliverables should fully conform to product require nothing less, nothing more.The total of the work at the work package level should roll up higher levels so that nothing is left out and no extra work is perform

The 50/50 rule is popular for work packages of short duration and small total costs.True false question.TrueFalse

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

Why do some companies use standard markup percent?Multiple choice question.To simplify the pricing processTo avoid losing money due to the stockturn rateTo boost overall profits equallySo that they have time to determine an appropriate price for each product