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Estimating direct costs (such as labor, materials, and equipment)
Estimating overhead expenses (such as administration, supervision, and utilities)
Adding markups to ensure profitability
Project Estimation Method
There are two budgeting methods:
Independent Calculation of Costs and Revenues
The Estimates tab includes detailed breakdowns of project revenue and cost estimates:
Revenue tab: Shows estimated income based on selected analysis parameters like item, task, or department. These parameters can be customized in user settings.
Costs tab: Displays estimated expenses using similar analysis parameters.
Estimates by Period tab: This tab is available if time-based planning is enabled. It splits revenue and cost estimates across specific project periods, helping track budgets over time.
2. Calculation of Revenues Based on Costs
The Revenues and Costs tab displays the project’s estimated income and expenses, based on selected analytical details like item, task, or department. These can be adjusted in personal settings to suit reporting needs.
The Overhead tab shows estimated overhead costs, again based on selected parameters.
If time-based planning is enabled, the Estimates by Period tab appears. It splits revenue, cost, and overhead estimates across specific planning periods to help track the budget over time.
Ways to Create Project Estimates
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