Estimation

IN THIS ARTICLE

Estimation settings contain the global rules used to calculate and price resources and deals

Overview

Estimation settings control the calculation and presentation of resource allocation. They are managed in Settings > Estimation.

Currency

Currency is used to price the rate card, and is the default currency used on products and deals. You can also override the display currency on an individual deal (along with the exchange rate)

Capacity

Capacity is the number of working hours in every work day, work week and work year.

Capacity determines the calculation of day rates, and the capacity of resources inside a deal's timeline/resource plan

Consider the following when calculating your capacity:

Workable hours may be less than available hours (typically 80-90% in order to compensate for non-billable tasks and time like internal activities and communication)
Work weeks should exclude any annual leave, sick leave and public holidays

Contingency

Contingency is a percentage added to raw estimates to cover the cost of ‘known unknown’ risk that would likely result in additional costs

Contingency is defined as a range (low, normal (default), high)

Contingency is automatically applied to Features based on their risk profile (none, low, normal, high) and added to the raw time estimates.

Low risk uses the min contingency
Normal risk uses the default contingency (default value)
High risk uses the max contingency
None risk will ignore contingency

Work units

Work units are the default time period used to cost and price your rate card (either days or hours). It is also used as the default unit for estimating features

Rounding

Rounding controls how rate card prices are rounded in deals. Round up roles to the nearest 10, 25, 50 or 100 units)

Rounding is applied after conversion to deal currency.