Execute Update Project Estimate
Explanation
This activity is used to update the calculated estimates from the Schedule of Work Estimates 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 estimates should have been calculated using the Calculate Value function prior to the
update.
- The Schedule of Work Estimate should be in Approved status.
System Effects
- Activity estimates of your project will be updated based on the calculated activity-level estimates in the
Schedule of Work Estimates.
- All item lines must have been connected to a cost- or revenue element.
- Updated activity estimates can be viewed on the Project Estimate Update Overview
and Detail pages. The project estimates can be viewed in the Project
Monitoring.