Setting up Estimate Stage
Path: Community Topbar >> Apps icon >> Community Settings >> Workflow >> Funnel Management >> Estimate stage
In this stage, participants can estimate the value and cost of ideas. Submitted estimates are averaged out to determine the idea’s overall estimated ROI (Return on Investment).
The campaign’s crowd, or a smaller group, is asked to estimate the ideas average financial value and average financial cost.
Estimate Stage Settings
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Stage Function: Select the Estimate stage from the drop-down menu. Once selected and saved, this section will be greyed out and cannot be changed to another stage
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Stage Name: Create a custom name/label for the selected stage.
Note: The character limit is 40. -
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
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Call to Action Customization: This setting allows you to customize the CTA block in the homepage.
Note: The character limit is 12. -
Stage Change Notification: Enabling this triggers an email notification on the stage change of the ideas.
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Enable: This indicates that the stage is active and ready for use. When enabled, the stage will be reflected on the right navigation of the community homepage
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Currency Type: Select one of the currency types from the dropdown. Currency can be USD, EUR, GBP, JPY, AUD, CAD, HKD, CHF, AED.
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If Stage Automation is "ON", ideas in Estimate will move to the next Stage when they meet the target threshold below: Enabling this switch will move the ideas automatically to the next stage when the threshold set for the stage is met.
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Target Threshold: Number of completed estimates: The number specified in this setting will be the target for completed estimates to move the ideas to the next stage.
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Permitted to submit value and cost estimates: All community members or groups of selected members can submit value estimates, cost estimates, and view ROI results.
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Permitted to view current estimates for value, cost and ROI: All community members or groups of selected members can only view value estimate, cost estimates, and view ROI results.
Estimate Stage Functionality on home page
Once an idea gets in the estimate stage, assigned group members can click on the '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 purposes, 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”. The system will take all estimates, average it and provide them with final ROI figure
Participants who are not permitted to view or participate will not see the progress bar, Return on Investment percentage nor Average estimated value and cost.
