Execute Update Project Estimate
Explanation
This activity is used to update estimates from the
Schedule of Work Estimate to your project estimates. This can be achieved
by using the Update Project Estimate
command in the Schedule of Work Value Summary page.
Prerequisites
- The Schedule of Work Estimate must be in Approved
status.
- Project activities and cost/revenue elements must have been defined
for the items.
- Although not mandatory, it is recommended that estimates are
calculated using the Calculate Value function prior to
the update.
System Effects
- Activity estimates for the project will be updated based on the
calculated estimates in the Schedule of Work Estimate.
- The updated activity estimates can be viewed on the
Project Estimate Update History page and the
Project Estimate Update History Overview page.
- Project estimates can be viewed in Project
Monitoring.