Project estimation refers to the process of forecasting the the costs, resources, and time required to complete a project. It forms a is critical part of to project planning and financial management in contracting.
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a) From within the project
Open the relevant project → Click Create/Edit Current Estimate or use Generate → Project Estimate to create an estimate based on the project data.
b) From the document list
Go to Project Costing → Project Costing Documents → Project Estimates → Click Create to start a new estimation document.
Creating a Project Estimate document. The Main tab
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Revenues (upper pane)
Use this area to define the revenue lines for your estimate. Tick the Use Different Currency checkbox if invoices will be issued in a currency different from the company’s base The amount of any estimate must be specified in the accounting currency.
Costs (lower pane)
This section is used to enter and manage the cost lines linked to each revenue item.
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