Percent Complete Notes: Definitions & Explanations PDF | Download eBooks
Study Percent Complete lecture notes PDF with project management definitions and explanation to study “What is Percent Complete?”. Study percent complete explanation with project management terms to review project management course for online MBA programs.
Percent Complete Definitions:
Percent complete is defined as an estimate in percentage form, of the proportion of the work involved in a particular work package that has been completed.
Successful Project Management by Jack Gido and James P. Clements
Percent complete is an estimate expressed as a percent of the amount of work that has been completed on an activity or a work breakdown structure component.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Percent Complete Notes:
Just as important it is to plan a project, the monitoring of the actual performance is also necessary. As the project is divided into the activities where a set of related activities are grouped into work packages by work breakdown structure (WBS). The actual work performed within a work package is calculated and the value is called percent complete. Percent complete shows the actual work completed in a work package as a proportion of actual work completed of the whole project. It is then multiplied by the total budgeted cost of the work package to convert it into dollar amount.
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