Answer
There are two common methods used to determine percentage of completion of a project. These are:
1. Cost to cost method- This utilizes how much has been consumed against how much was expected to be consumed to completion.
2. Units completed method- This methods analyzes how many completed units are available against the total units to be done, e.g., how many houses have been completed out of how many are supposed to be built.
Work Step by Step
Other methods include incremental milestone method and weighted units method.
