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.