Project Management Knowledge

Percent Complete (PC or PCT)

In the course of providing written estimates to all of the interested parties, the project management team and or the project management team leader must take care to provide extensive elements of information to all of these parties as part of these estimates. The types of information that these estimates contain varies wildly, and includes things such as budgetary estimates, estimates completion dates, and other miscellaneous and assorted pieces of information. One of the most significant and overriding pieces of information, and one of the items that the interested parties are typically most eager to get a look at, is the project’s overall percent complete number. The term percent complete, in project management terms, if referred to also by the two letter abbreviation of PC or the three letter abbreviation or PCT. A literal translation as to what the percent complete represents is that the percent complete refers specifically to the estimate, expressed in terms of percent, as to how much work has been completed at the time the estimate is being made on a given activity or on a particular work schedule breakdown component.

This term is defined in the 3rd and the 4th edition of the PMBOK.

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