3.1 Project Master Maintenance

MULI is Project Management ... everything is a project  ... even each year's Overhead/General Ledger.

Projects are managed to Completion:

Projects may be :

  • Lump Sum
  • Cost Based
  • Smaller jobs may be grouped within a Small Jobs Project

Each Project makes a contribution to Overhead running costs, at least each year.

Project Stages

Each project may have identifiable stages : Floors, Buildings,

Trade Package / Stage = Milestone item

PROJECT BUDGETS

All Projects have an allocated Budget Structure that includes all Elements of Income and Expense.

PROJECT VARIATIONS

MULI provides a formalised structure for Variation Management (changes in Contract Scope)
utilising 3 stages:

  • Ball Park
  • Submitted
  • Approved

Only Approved Variations update the Budget.

Commitment

Generally raised as a total cost for all work to complete an element of the Project, always comparing Budgeted and Committed costs.

  • Purchase Order - Supply of Goods
  • Subcontract - Supply & installation of work packages
  • Labour Order - Costs for each Element of work to be completed by your own employees
  • Equipment Order - Costs to hire/use company's own equipment

PROJECT APPROVED (Accounts Payable)

The Accounts Payable process registers all Incoming Invoices/Claims and provides a formal Project Team approved process:

  • Incoming Register
  • Subcontract Payment Notice
  • Accounts Payable processing

PROJECT INCOME (Accounts Receivable)

MULI provides a number of Head Contracts payment framework for ensuring you have informed your Client with your own Liquidity Management.

PROJECT REVIEW COSTS & PROCESSES

MULI provides a structured framework for the Project Team to review and verify.

RISK TO DO (Verification Process)

MULI's universal Management Tool, which allows documenting and management of the many processes that ensures a Quality Project is delivered without forgetting any identified issues.

 

3.1-26 Project Stages

3.1-28 Project Timing