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.