Project Controls Institute: What is the best method for determining the percentage completion for a project (man-hours orcost)?

Topic: What is the best method for determining the percentage completion for a project (man-hours orcost)?

What is the best method for determining the percentage completion for a project (man-hours orcost)? #70

Ryan
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Joined On: 19-06-2017
Posts: 3

Hi Some projects specially the industrial one the cost of procurement activities for the equipments are very high comparing to the cost of the construction activities, in the meantime, the man-hours of the procurement activities is very low comparing to the construction activities. When a share holder or an employer ask a question what is the overall percentage completion of the project You may present the overall percentage completion of a project by one of the two scenarios: 1.Man-hour basis But the problem that at some stages of the project The employer might make a comparison between what he have spent of the project budget and the overall percentage completion of the project and he will find out that he spent a considerable amount of the project budget but the project have not been progressed as expected. 2. Cost basis If you use the cost basis to present the overall percentage there will be a big differences between the overall percentage on the documents and the actual status on site. I solved this problem by presenting the two scenarios together and explaining the situation and why it look like that, but is there is a method that combine both together (man-hours and cost) or any other method. Ryan

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