Revising Estimates

Even the most carefully planned project will require changes throughout its life span. MPM provides several utilities that facilitate making changes to estimates across an entire project, or selected WBS elements and legs.

You access the utilities from the Tools menu in the Project Maintenance window.

Reprice

You can revise Baseline, ETC, and actuals estimates in one process using the Reprice utility. This saves a great deal of time over modifying each estimate separately. Repricing is usually performed when there are major modifications to burden templates or rate tables. You can also use the Reprice utility to run "what if" scenarios against copies of your project. You can easily shift resources and change direct or indirect rates to produce different pricing scenarios.

Estimate Adjust

You can revise Baseline and ETC estimates in one process using the Estimate Adjust utility. The Estimate Adjust utility uses a fixed percentage to adjust the estimates. Estimate Repricing uses the underlying rate tables. Estimate Adjust is most useful in cost proposal/bid development to produce "what if" scenarios.

Estimate Rename

You can rename resource codes or resource departments in the Baseline and ETC estimates for a project using the Estimate Rename utility. The function renames and reprices at the same time.

Date Shift

If you want to change the start date for a project, or part of a project, you can use the Project Date Shift utility. The function changes dates and reprices.

Calculate BCWP

Whenever you need to calculate Budgeted Cost of Work Performed (BCWP), you use the Calculate BCWP utility in Project Maintenance. For example, whenever you modify milestone information in Integrated Planning, you will want to calculate a new BCWP.

For More Information

Using the utilities is described in Utilities.