This document discusses the performance of the multigrid method for solving the Navier-Stokes equations using two alternative formulations: streamfunction-velocity and streamfunction-vorticity. The study examines the lid-driven cavity flow problem for different grid sizes, Reynolds numbers, numbers of grid levels, and inner iterations to determine optimal parameter values that minimize CPU time. Previous research has found that the multigrid method is less effective for the Navier-Stokes equations at higher Reynolds numbers. The document aims to investigate how formulation choice and multigrid parameters influence efficiency.