Review Estimates
Explanation
Use this activity to review and manage the estimated cost and hours.
Activated estimates are reported to the project and could be reviewed as described in this
procedure:
Evaluate Cost, Hours, Revenue and Progress from Connected Objects
Prerequisites
Estimates should have been activated.
System Effects
Estimated cost and hours will be accumulated
when running the Update Project Cost and Hours option and Calculate Item Cost/Hours option.
Window
Project
Deliverables Navigator
Related Window Descriptions
Project Deliverables
Definition/Planning Items
Procedure
Review and update project cost and hours for a single item:
- Open the Project Deliverables Navigator window and populate it with
values.
- Open the Planning Items tab.
- Click on a record of execution type Estimate.
- In the Cost/Hours tab, review values
for cost and hours.
- Manually modify estimated cost and hours values, if required. Or, copy
new values:
- In the Cost/Hours tab, right-click and click
Update Project Cost and Hours.
- Modified values will now be accumulated in planned cost and hours
calculations, on the project activity.
Review and calculate cost and hours for a complete structure:
- Open the Project Deliverables Navigator window and populate it with
values.
- Select an item in the tree from where you want to see the estimated cost
and hours roll-up.
- Open Cost/Hours tab.
- Right click and then click Calculate Item Cost/Hours.
- Accept the recalculation of connected planning items.
- Open Cost tab and review cost information.
- Open Hours tab and review hours information.
Review cost and hours for the project:
- Refer to this procedure: Evaluate Cost, Hours, Revenue and Progress from Connected Objects