The percent specified here represents the percent of cost complete expected for the selected period.
If you initialized this forecast, this field defaults the cost forecast percent for the selected period. Percentage is calculated as follows:
If the forecast method is 'Linear', monthly percentages will be equally distributed based on the number of months in the forecast. For example, if 12-month contract, first month will be .70% (100% / 12 = .70), the second month will be 1.40%, the third month, 2.10, and so forth.
If the forecast method is 'Curve', monthly percentages will be based on number of forecast months, number of forecast intervals, and the interval percentages.
See Forecast Options for more information about how monthly percentages are calculated with the Curve method.
If you did not initialize a forecast for this contract, enter the cost percent that applies to the selected period.