Adding Estimates
How To Add Estimates
Estimate are fixed costs forecasts for interventions in the Business Plan, subject to change log and approval processes.
Estimates can be added from two different locations within the workbank.
Management Calendar
By selecting Management followed by Calendar from the sidebar, the rollout calendar is displayed.
Click on any intervention along the timeline, then select delivery.
Commercial Delivery Reporting
Estimates can also be entered from the Delivery Reporting menu by selecting Commercial followed by Delivery Reporting from the sidebar.
Select the "delivery" icon to display the estimates module.
If an intervention has a warning icon, this highlights a large cost variance.
If a intervention has a green delivery icon, this signifies that an OP project is linked.
Adding Estimate Information
Once the estimates module is displayed, select the Estimates (BP) tab then click "add estimate".
If the estimates module was opened from the Delivery Reporting page, the intervention must be selected from the header bar before any data can be entered.
After setting the Proposal and Approval information (along with dates and any required notes) the estimate information can be added.
Users can manually enter the estimate cost per period by adding the required value to the period field.
If the estimate is to be broken down evenly between all 13 periods within the financial year, the total can be entered in the "Set Year Total" field followed by clicking apply.
This will automatically split the total estimated cost between the 13 periods.
Once all information has been entered, click "Save".
To exit the estimates module, click "Save" once more.
All estimated costs are entered in £1 denominations.