Calculation Method for Percentage of Completion

  • Cost to Cost

    The percentage of completion is the cost incurred on the project divided by the estimated cost at the completion of the project. If the cost control level, Project is not used for this method, the Actual and the Forecast Cost cannot be used to calculate the percentage of completion.

  • Hours Progress

    The percentage of completion is the number of actual hours spent on the project divided by the total hours forecasted for the completion of the project. If the cost control level, Project/Cost Type is used, the Excl. CommitActual and Forecast Quantity fields are available for the cost type Labor and can be used to calculate the percentage of completion.

    Note

    If the Forecast Quantity is not defined, you can use the Budget Quantity and the Excl. CommitActual to calculate the percentage of completion.

  • Manual Entry

    The percentage of completion is entered manually. You must specify the percentage in which the estimate of the completed work is expressed, manually.