What is Percent Complete Method?

The Percent Complete Method is a common technique used in the construction industry to track the progress of a project. This method involves determining the percentage of work completed at a specific point in time, based on the total scope of work required for the project. By calculating the percentage of work completed, project managers are able to monitor the overall progress of the project and make informed decisions about scheduling, resource allocation, and budget management.In order to accurately calculate the percentage of work completed, project managers typically rely on a combination of physical progress assessments and cost assessments. Physical progress assessments involve evaluating the actual physical completion of tasks or milestones, while cost assessments involve comparing the actual costs incurred to date with the budgeted costs for the project. By combining these assessments, project managers