Work Completed

Posted in Finance, Accounting and Economics Terms, Total Reads: 1227

Definition: Work Completed

Work completed as a percentage gives the current status of the percent of work that has been completed based on tasks, resources and assignments in the field.

It also acts as a rough measure of the percent of work left to be done currently. In a way, this exercise is very helpful in calculating the budget that is needed for completion of the future leftover work. It also helps in calculating the resources required like labour , infrastructure and other related costs to be accumulated in the leftover budget for the projects undertaken.

Work completed is an indication of the daily update on the work done in the field so that the project manager is well aware of the progress on the field that needs to be reported to higher authority.

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