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Each stage of estimating goes deeper into the details since there is more information available as the project progresses.
As with all estimates, always include your list of assumptions, constraints, and risks.
On the other hand, most teams will rally around a schedule if they had input in developing it and believe in the plan.
Three Stages of Estimating Estimating the project schedule and budget usually occurs in three stages: 1) Developing early estimates before a decision to proceed with an ERP software evaluation, 2) When securing project funding after evaluating software and consultants, and 3) Formulating a baseline schedule and budget during the planning phase which will be used to manage the project.
In this book chapter excerpt, find expert advice for estimating an ERP schedule and ERP budget.