What is Completion Rate in SAP SRD-PRO-PMN - PRO-Project Management?

SAP Term: Completion Rate

• Component: SRD-PRO-PMN

• Component Name: PRO-Project Management

• Description: A report that shows the actual completion rate of the project for a specific period of time. The system calculates the rate by dividing actual work by forecast work. You can use the report to keep track of the actual progress of a project during a defined period of time.

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• Key Concepts: 
  Completion Rate is a metric used in SAP SRD-PRO-PMN PRO-Project Management to measure the progress of a project. It is calculated by dividing the number of completed tasks by the total number of tasks in the project. The result is expressed as a percentage. 
  
  How to use it: 
  Completion Rate can be used to track the progress of a project and identify areas where more work needs to be done. It can also be used to compare the progress of different projects and determine which ones are on track and which ones are falling behind. 
  
  Tips & Tricks: 
  When tracking Completion Rate, it is important to remember that it is only an indicator of progress and not an absolute measure of success. It should be used in conjunction with other metrics such as budget, timeline, and quality to get a more accurate picture of the project’s overall performance. 
  
  Related Information: 
  Completion Rate is closely related to other metrics such as Earned Value Analysis (EVA) and Critical Path Analysis (CPA). EVA measures the value of work completed compared to the planned value, while CPA identifies tasks that are critical for the completion of a project.