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.
Each project may have identifiable stages : Floors, Buildings,
Trade Package / Stage = Milestone item.
All Projects have an allocated Budget Structure that includes all Elements of Income and Expense.
MULI provides a formalised structure for Variation Management (changes in Contract Scope) utilising 3 stages:
- Ball Park
Only Approved Variations update the Budget.
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 frameworks 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 ensure a Quality Project is delivered, without forgetting any identified issues.
3.1-26 Project Stages
3.1-28 Project Timing