Using estimation

This section explains how to use estimation.

Estimation overview
Estimating model
Estimating models are used to calculate estimated effort for tasks or work breakdown elements.
Creating new estimating models
This topic describes how to define an estimating model and then apply it to a process.
Editing estimating models
The following procedure can be used to edit an estimating model's name or the estimating factors that are part of that model.
Calculating estimates for a project
After you have an estimating model defined for a process, you can use the model to calculate estimates for a project.
Adjusting estimating factors for tasks in a process
When a task is included in a process, the estimating information for the task is copied into the task descriptor in the process.
Estimating factor
A typical estimating formula uses several factors to calculate the predicted number of hours required to complete a particular task. The person using the estimation feature will be prompted to select a prepared estimating formula and then input all factors used by that formula. These factors can be adjusted later as the project proceeds.
Assigning estimating factors to tasks
Estimating formula
An estimating formula is an algebraic equation used to calculate the total estimated effort for a task or work breakdown element.

Parent topic: Developing