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Estimate Stage

Last Updated: Jan 25, 2017 01:06AM PST
Path: Community Settings >> Workflow >> Funnel Management >> Estimate stage 
 
The estimate function provides the possibility to evaluate the idea on how much it could be worth if it was to be monetized in a certain currency.
 
  • Estimate Stage Settings  


 
  1. Stage Function: Select Estimate stage from drop down menu. Once selected and saved, this section will be greyed out and cannot be changed to other stage
  2. Stage Name: Create a custom name/label for selected stage
  3. Description: Describe stage functionality or how you would like to use this stage. This description will be mouseover text on stages stack on right navigation of community homepage
  4. Enable: This indicates that stage is active and ready for use. When enabled, stage will be reflected on right navigation of community homepage
  5. Currency Type: Select one of the currency type from dropdown. Currency can be USD, EUR, GBP, JPY, AUD, CAD, HKD, CHF.
  6. Permitted to participate: All community members or group of selected members can submit value estimate, cost estimates and view ROI result.
  7. Permitted to view: All community members or group of selected members can only view  value estimate, cost estimates and view ROI result.
 
  • Estimate Stage Functionality on home page



Once an idea gets in estimate stage, assigned group members can click on 'SUBMIT ESTIMATE' button which will redirect to the idea details page having two sets of question

The first set is meant to estimate the cost and comprises the following questions:
 
-What is the MOST that this idea could cost to implement?
-What is a REASONABLE cost to implement this idea? and
-What is the LEAST that this idea could cost to implement?


And the second set to estimate values, comprises of the following questions:
-What is the MOST that this idea could be worth?
-What is a REASONABLE amount that this idea would be worth?
-What is the LEAST that this idea could be worth?

The community member can estimate the idea as such by entering digits. For validation purpose, only digits are accepted, and the value of the “Low” cost cannot be higher than the one of the “Medium”, similarly the medium cost cannot be higher than the “High”.
Once all set, click on the button “SUBMIT ESTIMATE”. System will take all estimates, average it and provide with final ROI figure
 

 

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