The Estimates tab displays shows a summary of planned revenue and cost details pulled from costs, based on the linked Project Estimates document.
If the project status is New, the following buttons are available:
Create New Estimates – Allows users to enter planned revenue and cost details for the project.
Create Budget – Let users create a budget based on the entered estimates.
If the project has a different status (e.g., Active), the tab shows these buttons instead:
- Edit Current Estimates – Enables modification of Lets you update the existing estimation estimate details within the current estimate version.
- Create Variation Order – Used to record and apply add approved changes or additions updates to the original estimationestimate.
- Create Budget – Initiates Creates a new project budget by copying from current project estimates if none currently exists for the project / if exist, it will allow amending itone doesn’t exist, or allows editing the existing budget.
The Method of Calculation appears based on the option selected in Project Costing Settings, determining how project revenue and cost estimates are calculated and displayed.