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Learn the terms used in Cost's "percentage complete" calculation methods.
Cost performs several calculations depending on the project, control account, and control element options selected. Progress can be measured at a basic level using information captured, or detailed Earned Value Management (EVM) can be performed on the cost worksheet.
The percent complete for a control account, work package, and/or contract is either manually assigned or calculated using a variety of system-defined formulas.
Some forecast and percent complete methods are incompatible. For a detailed list see Compatible Forecast and Percent Methods for more information.
The percent complete method calculations are defined in the Cost Worksheet Calculations page
The Percent Complete Method assigned to a Control Account should best suit the planned duration and nature of the work.
On the Cost Worksheet:
