Grading rubrics put assessment criteria on a continuum and guide the grading based on the criteria that were established before the exam. They help communicate grades to students and show that learning and understanding is a process.
Especially useful for project work, essays, and presentations but also for exams.
MAXI (This tip requires more intensive preparation and is more suitable as an idea for future semesters.)
Using the rubric while grading can reduce the time necessary to evaluate an assignment. Preparing the rubric can take longer as the grading work is "front-loaded" but is highly dependent on the assignment type to be graded. Using a rubric makes grading more transparent which reduces the extent of questions regarding grades.
Although certain criteria are more important than the other, only some of the criteria needs to be met. A rubric is meant to make the grading more accountable, but it should not provide an objective grade that can be calculated. This allows for flexible or individual grading while adhering to criteria.