can you give me an example figure when using the 50/50 rule in project management, is there a formula

Question

can you give me an example figure when using the 50/50 rule in project management, is there a formula. i just can not figure it out

Answer 1

The 50/50 rule is a method for assigning earned value.  Earned value (EV) is a way to measure progress.  As an example, suppose you are doing project management for a building construction.  When you first develop your project, you forecast that it will take 10 staff-weeks to pour the foundation. Let's assume that you have decided to use labor as the value you want to track (as opposed to cost).  In this case, your Planned Value (PV) is 10 staff-weeks.  If you use the 50/50 rule, then when the activity "Pour Foundation" begins, you earn 50% of the total of 10 staff-weeks.  In other words, you get credit for 5 staff-weeks just because the activity started.  But the project will only get credit for the remaining 5 staff-weeks when the "Pour Foundation" activity completes.