Opportunity Fee Estimate Workflow

You may find it helpful to review a typical workflow for creating a fee estimate. Details about each step are provided in the associated online help topics.

Basic Workflow

1. Create an opportunity fee estimate.

Open the Fee Estimate tab in the Opportunity Info Center and select a service profile that will serve as the basis for the fee estimate.

• Use the Functional Groups grid to enter fee basis (chargeable costs), fee band, and rate for each functional group. Vision calculates fees from the service profile based on this information.
• Create phases and enter a percent of fee for each.
• Define Special Services.
• Enter summary information, including surcharges, additional expenses, and other percent to define the Total Net Fee.

2. Create a proposal for the client.

Use the Print menu options in the Opportunity Info Center or in Opportunity Reporting to create an estimate of fees report to include with the proposal for the client.

3. The project is awarded.

Use the Create Project from Opportunity Fee Estimate menu option in the Project Info Center to create a new project record based on the opportunity fee estimate.

• The new project's Work Breakdown Structure (WBS) is created based on the fee estimate's structure and the mapping that is defined in Vision Configuration. For example, functional groups may become WBS2 and phases may become WBS3.
• Fee estimate values are applied to the compensation values in the project on the Budget & Revenue tab in the Project Info Center.

4. Modify the fee estimate due to changes in the scope of the project.

Use the Fee Estimate tab in Accounting > Project Fee Estimates to open the project and adjust the percent complete and fee earned for each phase of the fee estimate.