Rules of credit are used to measure the progress of work completed against the planned work. The most commonly used rules of credit are;
Let us see how the progress is reported based on the various rules of credits discussed above. The orange arrow indicates the review point.
Activity | Earned Value |
A | 0 |
B | 0 |
C | 0 |
D | 500 |
Total | 500 |
Activity | Earned Value |
A | 500 |
B | 400 |
C | 500 |
D | 500 |
Total | 1900 |
Defining rules of credit at the activity level during project planning is key to progress monitoring and control. The commonly used rules of credit are 0/100, 50/50, 25/75, 20/80 and percentage completion based on pre-defined weightages.L