Mastt Glossary
Essential reference guide for Mastt terminology and construction project management features
This comprehensive glossary defines key terms used throughout Mastt, helping construction project managers understand platform features and industry terminology.
Account & Setup
Organization: Your Company/Mastt Subscription. All Projects, Programs and Users are linked to an Organization.
Position: The permissions assigned to individual users. This determines what they can do within their Mastt organization.
Auth Provider: How a user will login to Mastt. They can either login with an Email Address and Password, or can use Microsoft Login.
Default Photo: The image that appears on the My Projects/Programs page to help identify the Project/Program.
Project/Program Admin: A user who has admin permissions for a Project or Program but not for the Organization. These users can re-open Cash Flow months and delete payments in closed Cash Flow months, but cannot create new users or change user access rights.
Permission Levels: Different access rights assigned to users, determining what functions and data they can access within projects and programs.
Sandbox Project: A test environment where users can experiment with Mastt features without affecting live project data.
Interface & Navigation
Action Button: Horizontal or Vertical Three Dots button located adjacent to anything you have created in Mastt. After clicking the Three Dots Button, it will reveal multiple settings and functions for that item, such as 'Edit Description' or 'Add Change Order'.
Adjust Columns: Option to choose which columns are visible on the selected page or tile.
Filters: Option to change what is shown in the selected tile or page.
Export All Data: Export all items on the current page to a .CSV file.
Export Current View: Export only the filtered items on the current page to a .CSV file.
Details: Provides detailed item-specific information, like Comments, Attachments, and Audit History.
Audit Log: Shows all changes across the Project, including which user made the changes and the previous values.
Bulk Upload: Feature that allows users to import multiple records simultaneously via Excel or CSV files, commonly used for risks, budgets, and schedule data.
Projects & Programs
Project: The home for your management and administration of contracts for your real-world planning, design, or construction project. Projects on Mastt is where all data is entered.
Program: A roll-up or collection of projects. Projects in Mastt are aggregated into one view to give organizations, PMOs, and program managers ultimate visibility into the projects they are responsible for.
Cost Module
The Cost Module is where all Project Financial Data is added.
Overall: Shows all information about the Project or Programs finances on a single pane.
Budget Tag: A unique identifier to simplify filtering of dashboards. Tiles (like the big number tile) can be filtered to only show specific budget tags at the Project and Program level.
Sub-Budgets: Further breakdowns of budgets or sub-budgets to simplify financial management for your Projects and Programs.
Transfer Funds: Moving funds between your Budgets and Sub-Budgets without changing the Original Budget amount.
Add/Remove Funds: Adding additional funds or removing existing funds from a Budget or Sub-Budget without changing the Original Budget amount.
Cost Category: Classification system for organizing and tracking different types of project costs.
Cost Object: Specific items or activities to which costs are assigned for tracking and reporting purposes.
Contracts
Contract Standards: The specific Contract Standard for that specific Contract. This will prefill the correct Payment Clause on the Payment Certificates and Schedules and allow you to define the Contract Roles applicable under the standard.
Contract Roles: Roles that have been defined under the chosen Contract Standard. This is where the Superintendent for the Contract is defined.
Line Item: Specific payment milestones or line items within a contract.
Status: The current state of a contract line item.
Change Orders
Category: Classification or type of change order being addressed. This makes it easier to manage and track different types of change orders throughout the project.
Status: Current stage of a change order request in the review process. It provides insight into the progress and decision-making status of the change order.
Submitted Amount/EOT: Requested amount/EOT in a change order request, representing either additional costs or extra time needed due to project changes or issues.
Approved Amount/EOT: Amount or extra time officially approved after reviewing a change order request, reflecting the final change to the contract's budget or schedule.
Approval PDF: Official PDF document confirming the approval of a change order request, detailing the approved amount or EOT and any related comments or conditions.
Extension of Time (EOT): Additional time granted to complete project activities due to approved change orders or unforeseen circumstances.
Forecasts
Type: Option to choose specific category or classification of anticipated costs within a project. Each type of forecast serves a different function in managing project costs and risks.
Likelihood: The probability or chance that a particular forecasted cost will actually occur.
Starting Amount: The initial cost estimate entered for a forecast, serving as the baseline figure for anticipated expenses.
Current Amount: Where you can revise cost estimate for an item or activity, reflecting updates from the original Starting Amount due to changes.
Baseline: The original approved plan for project scope, schedule, and cost, used as a reference point for measuring performance.
Payments
Month Payment Period From/To: You can specify precise dates for the payment period if it does not align with the first and last days of the month.
Month Paid: This is where the payment will appear in Cash Flow module.
Status: Shows the approval level of a contract or payment.
Payment Statement/Claim No.: Unique identifier assigned to each payment request or claim within projects. It helps track and manage payments through various stages of approval and settlement.
Payment Certificate: Official document certifying that work has been completed and payment is due.
Submitted Amounts: Column that can be added for discrepancies from the approved amount.
Reimbursable: If toggle is on, only Reimbursable Contracts will appear. Without selecting this option, only Direct Contracts will be displayed in the Add Contract selection.
Comments: Can be used when leaving notes if there is variance or difference between submitted and approved amounts.
Retention: Mastt allows for payments to be made with or without including Retentions. This means that when creating a payment, you can choose whether to include any Retentions applicable to that payment.
Payment Grouping: Method of organizing related payments together for easier management and reporting.
Cash Flow
Range: This section allows you to select the specific time period for displaying and analyzing the data.
Cumulative: If this option is selected, the cash flow chart and corresponding data table show the total amounts accumulated from the start of the selected range up to each subsequent period.
Contract Cash Flow: Allows you to track and manage the financial aspect and monitor the expenses, control costs, identify variances, analyze financial performance, and make informed decisions for project success within budget constraints.
Budget Cash Flow: Enables you to effectively track and manage the financial aspects of a contract by providing a detailed overview of the funds coming in and going out throughout the project's duration.
Target/Baseline: Allows you to establish financial goals and benchmarks for the project, with the target representing the desired outcome and the baseline serving as a reference point for comparing actual performance against projections.
Schedule: You have the option to show the schedule within the cash flow view.
Cumulative Overlay: Helps you visually tracks financial data evolution over time, aiding in trend analysis and informed decision-making.
Decimal Places: This setting allows you to control the precision of numbers displayed in reports, charts, and data tables.
Denomination: Choose your desired unit of currency that will be used for reporting financial figures. Within Mastt, you can set the denomination to either Millions, Billions, or Thousands.
Create Report: Create a cash flow dashboard that can be easily used for presentations and can also be saved as a PDF for easy sharing and printing.
Dashboard Module
Dashboard: Customizable visual interface displaying key project information through various tiles and reports.
Template: Pre-configured dashboard layouts that can be applied to multiple projects for consistency.
Tiles
Tile Settings: Allows you to customize the tiles to display project information, adjust layout, size, and content to highlight key data points, empowering you to create personalized dashboards for effective communication and decision-making.
Health Tile: Dashboard component that provides visual indicators of project health using colors and metrics.
Big Number Tile: Dashboard tile that displays key project metrics in large, prominent numbers for quick reference.
Metric Tile: Dashboard component showing specific project measurements and KPIs.
Edit Text: Allows you to customize the text on a specific tile. You can adjust the text fonts, add links, and even create tables to enhance the content of the tile.
View Options
Print Preview: Have full control over the layout of the page and effectively organize the tiles displayed on each page and preview how the page will look when downloaded or printed.
Presentation: Can be used while presenting without changing or moving the tiles set up.
Drag & Resize: Allows you to easily reposition and adjust the size of tiles on the dashboard.
Create Dashboard: This action allows you to create their own project dashboard report by selecting and arranging various tiles to display relevant information in a visually appealing and organized manner.
Settings: Allows you to modify page settings such as adjusting print orientation, toggling the display of footer dates, and choosing whether to show or hide last updated dates.
Print Orientation: The layout in which the dashboard or page will be printed, whether it is in portrait or landscape mode.
Hide Footer Date: Allows you to toggle the display of the footer date on the dashboard or page.
Hide Last Updated Dates: Allows you to choose whether to display or hide the last updated dates on the dashboard or page.
Downloads
Download Dashboard: Allows you to save and export their customized project dashboard reports in various formats for sharing and offline viewing.
Download Tile: Allows you to download individual tiles from the dashboard for offline viewing or sharing purposes.
Save: You can save their progress and changes to preserve data securely for future reference.
Risk Module
Risk Register: Comprehensive list of identified project risks with their assessments and treatment plans.
Risk Matrix: Visual representation showing risks plotted by likelihood and impact to prioritize attention.
Chart Options
Matrix: Helps user identify high-priority risks for immediate attention, resource allocation, and decision-making to manage threats.
Totals: Project's total number of risks per category providing structured approach to understanding and managing risks.
Provision: The total number of risks provision per category helps you track and manage the set-aside resources designated to cover potential losses.
Cost: Allows you to track the number of potential cost risks per category for financial management and risk mitigation.
Delay: Allows you to track the total number of days of potential risk delay per category for project schedule management.
Risk Details
Risk Reference: Your guide to track the information about identified risks, their characteristics, and the strategies for managing them.
Impact Reference: Your guide to evaluate how significantly a risk could affect the project if it were to occur.
Hide: Utilize this functionality if you wish to hide the chart in order to enhance the overall visibility of the risk table.
Status: The current state or progress of a risk. Options include Active, Draft, Realized or Retired.
Key Risk: This designation is used to easily identify risks that have the potential to significantly impact the success of a project.
Category: Identifying potential risks related to specific aspects of a project, such as schedule, cost, scope, or quality.
Cause: Allows you to manage the root factor that initiates or plays a role in the emergence of a risk event.
Impacts & Treatments
Likelihood: Rating or the probability of a risk event occurring during a project, typically expressed in terms like rare, possible, likely, or almost certain.
Impact: The extent or severity of the consequences that a risk event would have on a project if it were to occur.
Cost: The allocated sum for a particular risk.
Delay: Duration of delay resulting from a specific risk.
Cost Module Integration: Integration of the risks into the cost module, allowing changes to sync between the two modules.
Factor (%): Additional weighting percentage used to further assess the Post-Treatment cost. This adjusted value will be added to the Cost Module within the selected Budget.
Schedule Module
Milestone: A significant event that indicates a major stage in your project.
Key Milestone: Significant event or a critical point in your project timeline that marks the completion of a major phase or task.
Phase: Specific stage or period within your overall project timeline that focuses on planning, detailing, and managing the schedule of activities.
Dates
Start Date: The date when a milestone begins.
Baseline Date/Baseline Completion: The original planned date for a specific milestone in a project.
Planned Date/Forecast Completion: The current projected date for when a milestone is expected to be completed.
Actual Date/Actual Completion: The date when a specific activity or milestone is actually completed.
Status & Performance
Status - Not Started: Milestones that have not yet commenced.
Status - In Progress: Work milestone in progress.
Status - Completed: The date when the milestone is fully completed.
X% Completed: Allows you to monitor the progress of completion on your project milestone.
Activity Slip: Measurement of schedule delays compared to the baseline plan.
Activity Gain: Measurement of schedule improvements compared to the baseline plan.
Schedule Performance: Overall assessment of how actual progress compares to planned schedule.
Start/End: To track the schedule phase. Activating the start and end buttons initiates the tracking of project phases on the dashboard reporting tile.
Template: You have the option to create a structured framework for organizing and planning milestones, defining phases, and highlighting key events within specific timeframes.
Snapshot Module
Snapshot: Point-in-time capture of project data for historical reporting and comparison purposes.
Snapshot Title: The title you chose for the data snapshot that has been created.
Current as of Date: This is the last day of the reporting period.
Construction Industry Terms
Cost Estimator: Professional responsible for cost estimation and financial management of construction projects.
General Contractor: Primary contractor responsible for overall project delivery.
Owner: The client or owner of the construction project.
Project Manager: Professional responsible for managing contract compliance and administration.
Change Order: Change to the original contract scope, schedule, or cost.
Bid: Process of submitting proposals for construction work.
Project Superintendent: Professional responsible for day-to-day site operations and coordination.