Cost Module Overview
The Cost Module in Mastt provides a complete financial overview of your project, allowing you to track budgets, contracts, variations, forecasts, and risks in one integrated system. The Overall page displays your project's financial status with budgets, contracts, variations, and forecasts organized hierarchically, making it easy to monitor your financial position.
Use the Overall page in the Cost Module to see your project's finances in one place. You can read the key financial columns and calculations, add and manage budgets, contracts, forecasts, variations and payments, and customise your view with filters and display options.
Before you start
- You need access to a Mastt project.
- A basic understanding of project financial concepts and familiarity with Mastt navigation will help.
Understand the page structure
The Overall page shows a hierarchical view of your project finances.
| Level | What it shows |
|---|---|
| Total Project | The top level |
| Budgets | Marked with an orange B icon |
| Sub-budgets | Nested under budgets |
| Contracts | Listed under the relevant budgets |
| Variations | Teal colour, listed under contracts |
| Forecasts | Purple colour |
| Risks | Yellow colour, from the Risk Module |
Click the arrow next to any item to expand or collapse its contents. This lets you drill down into specific areas of interest.
Read the financial columns
Hover over any column header to see the formula used for the calculation.
Budget columns
| Column | What it shows |
|---|---|
| Original Budget | The initial budget set for each budget item |
| Adjustments In and Adjustments Out | Funds moved into and out of the budget |
| Adjustments | The net of Adjustments In and Adjustments Out |
| Budget | Original budget plus/minus adjustments |
Contract columns
| Column | What it shows |
|---|---|
| Original Contract | Approved contract amounts |
| Variations | Approved or in-principle variations |
| Current Contract | Contract plus variations |
Forecast columns
| Column | What it shows |
|---|---|
| Uncommitted | Unapproved contracts, variations, forecasts, and risks |
| Forecast Final Cost (FFC) | Current contract plus uncommitted |
| Variance | Budget minus FFC. Green indicates positive variance (under budget). Red indicates negative variance (over budget). |
To see what makes up Uncommitted, click Columns and turn on Pending Contracts, Unapproved Variations (Forecast and Pending variations), Forecasts and Risks.
Payment columns
| Column | What it shows |
|---|---|
| Total Paid | Sum of all payments made |
| Amount Remaining | FFC minus Paid, Approved and Submitted Payments and Total Retained |
| FTC (Forecast to Complete) | FFC minus Paid Payments. Retention stays in the FFC. |
You can turn on other payment columns in Columns: Payment Progress, Total Paid + Approved, Total Submitted, Total Approved, Total Retained and Payment Percentage Complete.
Add and manage items
You can add items from the three-dot menus or from the Add button at the top of the page.
Use the three-dot menus
Click the three dots next to any item to see its available actions.
| Level | Actions |
|---|---|
| Project level | Add/edit budgets, add contracts, add forecasts |
| Budget level | Edit budget, add sub-budgets, add contracts, add forecasts |
| Contract level | Edit contract, add variation, add payment |
| Line item level | Add variation |
| Variation level | Edit or add variations |
When you use a three-dot menu, Mastt pre-selects the relevant budget, contract or variation. This saves time compared to the top Add button, which requires manual selection.
Use the Add button
Click Add at the top of the page to add a:
- Budget
- Contract
- Forecast
- Variation
- Payment
Report, export and customise your view
| Option | What it does |
|---|---|
| Create Report | Generates a standard report in the dashboard. You can export and edit this report as needed. |
| Export | Exports either the current view or all data, as a CSV file |
| Expand All / Collapse All | Changes the view's level of detail |
| Reset View | Returns the view to default settings |
| Columns | Selects which columns to display |
| Filter | Shows only data that meets specific criteria |
| Cog icon | Adjusts decimal places and denomination (for example, thousands or millions) |
Troubleshooting
| Problem | What to try |
|---|---|
| Data is missing | Make sure you've expanded all relevant sections. |
| I can't add items | Check that you have the appropriate permissions. |
| There's too much data on screen | Use filters and column selection to focus on the relevant information. |
Tip: The Overall page gives you a comprehensive financial snapshot of your project. Reviewing it regularly helps you spot potential budget issues early and manage finances proactively.
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Need help?
Contact Mastt Support for additional assistance.