What is percentage of completion in SAP SRD-PRO-PMN - PRO-Project Management?

SAP Term: percentage of completion

• Component: SRD-PRO-PMN

• Component Name: PRO-Project Management

• Description: A figure showing the progress of a project or project task in percentage terms. The percentage of completion shows the ratio of actual work, up to a certain day, to the total planned work.

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• Key Concepts: 
  Percentage of completion is a method used in project management to measure the progress of a project. It is calculated by dividing the amount of work completed by the total amount of work to be done. This percentage is then used to estimate the cost and duration of the project. 
  
  How to use it: 
  In SAP SRD-PRO-PMN PRO-Project Management, percentage of completion can be used to track the progress of a project. It can be used to determine the estimated cost and duration of a project, as well as to identify any potential risks or issues that may arise during the course of the project. 
  
  Tips & Tricks: 
  When calculating percentage of completion, it is important to ensure that all tasks are accounted for and that any changes in scope are taken into consideration. Additionally, it is important to regularly review and update the percentage of completion in order to ensure accuracy. 
  
  Related Information: 
  For more information on percentage of completion, please refer to SAP's Project Management Guide. Additionally, there are many online resources available that provide further information on this topic.