how to calculate project actual completion percentage

You are constructing a five-story building and, because of financial issues, you cannot complete the project. There is another scenario to calculate the Estimate to Complete. The Estimate to Complete is the expected cost to complete 70% of the remaining work.

You are working on a project that is 30% completed.

This 70,000 USD is the Estimate to Complete. They calculate the cost of the remaining work and informs you that from now it will take 70,000 USD to finish building the house. Therefore, you ask a team member to give you a new estimate for the remaining work. You are halfway to completion, and you find that you may have to spend more than you planned. You are constructing a house with a budget of 100,000 USD. Afterward, we will solve some mathematical questions. I will explain this topic with three simple examples. This is an important forecasting technique. This is another forecasting technique, used along with the Estimate at Completion, it gives you the approximate cost required to complete the remaining work. One such technique is the Estimate to Complete (ETC). This is professional project management, you must adopt proven techniques to reach an estimation so you can provide it to the stakeholders. Therefore, clients have a relentless interest in knowing the price of the remaining tasks. The cost will change constantly during your project. You may see a few questions from this topic on your exam. The Estimate to Complete (ETC) tool is essential for the PMP exam.

How to calculate project actual completion percentage