| # Estimating Use Estimating to create and calculate estimates. An estimate is a project that belongs to the same table as other Project projects. You create an estimate after a request for quotation or an internal investigation. If the estimate is finished, you can prepare a bid for the (internal) customer. Related to this subject, the following topics describe how to create an estimate and how to launch an estimate to a project budget. To define an estimate To launch an estimate to a budget The first time you create an estimate, you can use the User Profiles (tppdm0101s000) session to set up the master data. The project estimate procedure is as follows: Create an estimate project. Create an estimate version. Create estimate line. Prepare a bid (optional part of the procedure). Approve or reject the bid (optional part of the procedure). Work on the estimate project or copy the estimate project to a new project (optional part of the procedure). Launch the estimate to a budget. After estimating a project, the next step is to work on: Using budgets in a project |