Percent Completion Formula:
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Percent completion is a metric used to measure progress toward a goal or completion of a task. It represents the proportion of work completed relative to the total work required, expressed as a percentage.
The calculator uses the percent completion formula:
Where:
Explanation: This formula calculates what percentage of the total work has been completed by dividing the completed portion by the total and multiplying by 100 to convert to a percentage.
Details: Tracking percent completion is essential for project management, goal setting, and performance measurement. It helps in assessing progress, identifying bottlenecks, and making informed decisions about resource allocation and timelines.
Tips: Enter the completed amount and total amount as unitless values. Both values must be valid (total > 0, completed ≥ 0).
Q1: Can percent completion exceed 100%?
A: Yes, if more work has been completed than originally planned, the percent completion can exceed 100%.
Q2: What if my total value is zero?
A: The calculation is undefined when total is zero, as division by zero is not possible. Please ensure total is greater than zero.
Q3: How precise should my inputs be?
A: The precision depends on your specific use case. For most applications, whole numbers are sufficient, but the calculator accepts decimal values for more precise calculations.
Q4: Can I use this for financial calculations?
A: Yes, this formula can be used to calculate percentage completion of budgets, savings goals, or any other measurable target.
Q5: How is this different from percentage increase/decrease?
A: Percent completion measures progress toward a total, while percentage increase/decrease measures change from an initial value to a final value.