Percent Completes Overview

The percent completes that you enter for a project should be the project manager's estimate of how far a labor or expense component has actually progressed.

Percent complete values should not represent progress that should have taken place nor the percentage of budgeted labor and expense amounts actually spent. In other words, if your firm has already used 75% of its travel budget for a project, but has only completed 50% of expected travel, the percent complete for travel expenses should be 50%, not 75%.

You have the following options for entering percent completes:

• You can enter percent completes for individual labor codes and expense accounts. This approach is useful if individual components are at very different stages of progress.
• You can enter a labor percent complete and/or expense percent complete that represents the total progress of all labor and expense components. This approach is useful if all labor components or all expense components are progressing at roughly the same pace.
• You can enter an overall percent complete for the entire project. This percentage overrides the overall percent complete that Vision calculates automatically and displays on the Budget Summary dialog box.