Calculate Estimate - Field Descriptions
Use this table for reference when completing the fields on this screen.
Field |
Description |
|---|---|
Hours |
Enter the number of hours you want the calculation to be based on. If you are making a change to the estimated hours, estimated number of hours to be spent working on this change request. |
Rate / hour |
The software automatically calculates the rate per hour amount. Press Enter to accept the software default or enter a new rate per hour. Note: If you change the rate per hour, Spectrum automatically recalculates the amount in the Estimated cost field. |
Estimated cost |
The estimated cost automatically computes based on the entries in the Hours and Rate / hour fields. For a unit price change request, if the quantity and unit price have already been recorded, then the Estimated cost will default to the product of 'quantity X unit price.' If you make changes in this field, press the up arrow key to recalculate the amount in the Rate/ hour field. |
