Why Use Mastt

What ROI can you expect by using Mastt on your projects?
We've compiled clients' feedback on their actual time savings below.
This is from over $25bn+ of works programs being managed with Mastt.

Project Controls Setup

100% time savings / save 16 hours one off

Mastt is a turn key solution and the set up of Project Controls in spreadsheets for managing finances, cash flow, risk and more is no longer required.

Producing a Monthly Report

57% time savings / save 8 to 16 hours per month

Mastt automatically prepares PDF and excel annexures, tables and data visualisations for insert to the monthly report, including actual/forecast spends, risk provision management, risk registers, variation registers and project cost plans.

Data Analysis

Expect to save your Data Analyst 8 hours a month

Preparing charts and visualisations in complex multi dimensional views is hard in spreadsheets. Mastt automates charts and drill down analysis on finances, variations ,categorisations and more so you dont have to.

Deliver Reporting Faster

2 days faster

On average, teams draft, iterate and procure reprots faster with Mastt. With preparation time reduced, reports can be delivered current and on-time.

Real Time reporting

30 days saving

Rather than wait until the end of the month for a report, get a live financial, risk and reporting snapshot directly from Mastt's Dashboards.

Project Risk Management

50% time savings / save 2 hours per month

Mastt provides a significant increase in capability with respect to the management, tracking and reporting of risks in accordance with the E&IG Risk Management framework. Mastt is the only risk system globally that integrates with costs, automatically feeding financial risk provisions into cost planning and forecasting within Mastt’s cost module. Save time updating risk registers, presenting risk.

Risk Workshops

2 x Faster

Discussing risk management in workshops or meetings for hours on end is unlikely to inspire stakeholders. Instead, a more collaborative and constructive method should be taken. Mastt data visualisations ensure the risk register drives the insights that matter most to show senior stakeholders the benefits of a well-managed risk register in Mastt.

Project Budget and Cost/Capex Management

50% time savings / save 8 hours per month

Mastt provides a solution for financial management and reporting including all aspects of budgeting, project contracts, claim management, forecasting, reimbursable contracts, cash flow and trend analysis. Enter data once and have it reflected across the system.

Progress Claims

75% time savings / save 1 hour per month

Mastt manages progress claim compliance and preparation of artefacts to support Payment Certification, saving time managing this information in spreadsheets and documents.

Monthly Review Excel

50% time savings / save 8 hours per month

Mastt automatically generates the Monthly Review excel sheet in support of Defence reporting. With Mastt, CFI no long have to populate this sheet, and instead can download the spreadsheet automatically from Mastt.

Drafting a Program Management Plan

save 38 hours one off

Kicking off a program? Save a week's work and adopt one of Mastt's Program Management Support Plans so you dont have to reinvent the wheel on your programs governance, methodology, processes and procedures

Program Structure Set Up

8 hours

Mastt automatically rolls up projects into one or more programs

Program Controls templates

100% time savings / save 16 hours one off

Mastt is a turn key solution and the set up of program templates in spreadsheets for managing finances, cash flow, risk and more is no longer required.

Producing a Program Monthly Report

57% time savings / save 16 to 24 hours per month

Mastt automatically prepares PDF and excel annexures, tables and data visualisations for insert to the program monthly report, including actual/forecast spends, risk provision management, risk registers, variation registers and project cost plans. No information is removed from Mastt or double handled, and no spreadsheets or documents are extracted and re-entered

Aggregation of Data

save 1 hour of handling per project on your program

Mastt saves a significant amount of time for program offices in automating reporting and roll-up of information and reduced time spent on data entry. Mastt data is captured through smart forms with built in validation to clean and receive data only once in the system and provide a global update. Mastt data is rolled up into projects, program, portfolios, regions, electorates and more in real-time thanks to Mastt’s in-house cloud solutions architects and software developers who have produced bespoke software and efficient data base queries.

Data Analysis

expect to save your Program Data Analyst 8 hours a month

Preparing charts and visualisations in complex multi dimensional views is hard in spreadsheets. Mastt automates charts and drill down analysis on finances, variations ,categorisations and more so you dont have to.

Deliver Reporting Faster

5+ days faster

Program offices draft, iterate and procure reports faster with Mastt. Program offices no longer have to wait for Projects to submit data, with real-time live access to project risk cost and time reporting. With lead and preparation time reduced, reports can be delivered current and on-time.

Real Time reporting

30 days saving

Rather than wait until the end of the month for a report, get a live financial, risk and reporting snapshot directly from Mastt's Dashboards.

Program Risk Analysis

save 8 hours per month

Mastt project risks are standardized and aggregated to save significant time in the program office compiling program level risk analysis. Preparing charts and visualizations in complex multi dimensional views is hard in spreadsheets. Mastt automates charts and drill down analysis on finances, variations ,categorisations and more so you dont have to.

Program Risk Workshops

2 x Faster

Discussing risk management in workshops or meetings for hours on end is unlikely to inspire stakeholders. Instead, a more collaborative and constructive method should be taken. Mastt data visualisations ensure the risk register drives the insights that matter most to show senior stakeholders the benefits of a well-managed risk register in Mastt.

Program Budget and Cost/Capex Management

50% time savings / save 8 hours per month

Mastt provides a solution for financial management and reporting including all aspects of budgeting, project contracts, claim management, forecasting, reimbursable contracts, cash flow and trend analysis. Enter data once and have it reflected across the system.

Reviewing of variations & Progress Claims

75% time savings / save 1 hour per month

Mastt manages progress claim compliance andpreparation of artefacts to support Payment Certification, saving time managing this information in spreadsheets and documents.

Monthly Review Excel

50% time savings / save 8 hours per month

Mastt automatically generates the Monthly Review excel sheet in support of Defence reporting. With Mastt, CFI no long have to populate this sheet, and instead can download the spreadsheet automatically from Mastt.

Unlock Capital

2% of capital unlocked

Mastt's real time and transparent solution enables visibility over financial scope, risk provisions, contracts and more by PMCA and CFI, enabling effective decision making on capital reallocation and risk provision management with confidence.

Cash Flow Forecasting

>20% improvements cash flow accuracy

Mastt's real time and transparent solution enables visibility at a granular level over historical and forecast cash flows, enabling effective collaboration on cash allocation and payment lead times. With Mastt, no data is lost or forgotten as all ledgers are integrated ensuring the cash flow picks up all known costs. With cash flow data no longer hidden behind complicated formulas, projects are experiencing cash flow accuracy improvements of order 20%.

Claim Performance Management

proactive, rather than reactive

Rather than wait until the claims are received, know in advance which claims you need to proactively seek out and chase before month end to ensure your project hits their spend.

Increase Communication

Improves teams ability to communcite in a sigple paltform and to client communication. No data in is hidden behind complicated formulas as all rows can be 'drilled’ into or ‘unravelled’ in the same screen to reveal the true state of the data and give immediate answers to the viewer, rather than following complicated formulas in spreadsheets and documents

Performing auditing and reviews /Gaining Transparency

2 hours per project

Save time performing project reviews and audits, with real time access to the single source of truth so program managers can get answers quickly without bother projects. Mastt is transparent in its ability for PMCA and CFI to operate in such a way that it is easy for each other to see information and actions, with the ability to interrogate that information to find answers and build collective knowledge

Program schedule and stage gate management / analysis

1 hours per month per project

Mastt templates the program's stages/gates/milestones onto each projects to ensure capture of projects start, baseline, planneda and actual dates for powerful program aggregation. Program schedule is automatically aggregated onto powerful program schedule views for completed visibility and one click reporting.

Delivery support

2 hours

Mastt is a fully transparant and standardised system allowing any Mastt trained user to operate across any project irrespective of prior knowledge. Time is saved bring rsources up to speed on new projects or diving into current projects to perform fixes or urgent updates in the absense of project level users.

Communications

adhoc requests reduced by 50%

Working in a common data environment with all information transparant and accessible to all parties reduced back and forth RFI and question answer situations freeing up time. interpret and handle data electronically and in a standard format to increase efficiency, reduce errors and save time aggregating for direct reporting. Mastt is accessible by all parties via the cloud, logging into www.mastt.com.au on/off the DPN to view the same information anytime, anywhere.

Workforce Efficiencies

Mastt provides for for efficient allocation of resources inside projects and programs. Mastt’s system and training is standardized allowing users to move resources around confidently, knowing that uses can start straight away in understanding project information in Mastt’s transparent and standardized system. Once a user knows Mastt, they can work on any Mastt project in Defence.

Unlock Capital

2% of capital unlocked

Mastt's real time and transparent solution enables visibility over projects budgets, committments, uncommitted amounts, risk and more enabling effective cross project, cross program decision making on capital reallocation and risk provision management with confidence.

Cash Flow Forecasting

>20% improvements cash flow accuracy

Mastt's real time and transparent solution enables visibility at a granular level over historical and forecast cash flows, enabling effective collaboration on cash allocation and payment lead times. With cash flow data no longer hidden behind complicated formulas, programs are experiencing cash flow accuracy improvements of order 20%

Claim Performance Management

proactive, rather than reactive

Rather than wait until the claims are received by your program, know in advance which claims your projects are forecasting and proactively seek out and chase before month end to ensure you hit your spend.

Portfolio Insights you deserve

  • Department heads produce great report. Is it giving your executives a better measurement and accurate tool for their work in the property team?
  • Help executive scommunicate
  • More intelligenc to decision making
  • Peace of mind due to better visibility into data

Drive Project, Program and Portfolio Efficiency

  • reduced handling of info
  • reporting confidence
  • information and data fidelity
  • decision making

Mastt for Environment - Boost your ESG score

Mastt for Social - Boost your ESG score

  • Reputation - Mastt is a leading provider of our service and fosters a reputation of innovation with people and institutions in the communities where you do business
  • Diversity - standardised fit for purpose system meaning you can recruit from a broader talent pool and drop them into Mastt's framework
  • Human Rights - Considerations of your employees welfare working on mundane tasks in old systems, which can be relieved with Mastt to boost moral and employees abilty to do their job
  • Enabler of certain levels of social tracking

Mastt for Governance - Boost your ESG score

  • Responsible for internal system of practices, controls, and procedures your company adopts in order to govern itself, make effective decisions, comply with the law, and meet the needs of external stakeholders - from board, shareholders and the various stakeholders in that company
  • Standardize processes, improve communication
  • Management structure - internal procedures and controls that makes up the management structure, adopt Mastt's Project frameworks, Program frameworks, Cost frameworks, Risk frameworks
  • Become a great place to work with thanks to leading governance & systems, making it easier to recruit and drive noticeable impact on your organisations values

Employee Productivity & retention

  • Increased staff collaboration
  • doing less time shitty things, more time doing anbalytical things. Boost prodcivity. People working on more productive issues than desk jockey issues.
  • Reduced turnover
  • Better auditability of staff with Mastt tracking etc
  • Improved productivity from a single unified intelligence platform eliminates the need to login, gather & correlate data from multiple systems, which saves time, minimizes errors from double entry and simplifies workflows so commercial teams manage more projects with the same staff
  • More efficient collaboration across teams and regions
  • Feelings of control over day-to-day work

Leading Innovation & Digital Transformation

  • Digital transformation elements / innovation
  • Mastt will save you money on other tech and consulting resources that you have maintaining reporting system or sharepoint pages.

Beat the industry, set the benchmark

  • Compatative advantage:
  • do more with less
  • data driven decisions in future (better decisions, faster decisions)

Protecttion through reduce Risk, Spot Opportunities

  • "It is not whether risk management is value for money, but whether you can afford not to do risk management and pay the consequences."
  • Mastt mitigate risk by enhancing three key areas, with our customers reporting improved visibility, reporting improved standardization
  • Significantly reduce project's risk to organisation. Identify more risk that you did not know before and make proactive decisions at the organisation level.
  • Businesses with better risk management processes can capture and interrogate data more effectively. This provides them with a range of benefits beyond project controls. It extends to company culture, customer service and so on.
  • Risk management is more than just insurance and risk avoidance, it’s about improving risk awareness throughout the organization
  • Risk Management/Administrative Costs – Mastt saves time by automate your risk management functions. From process improvement to increased productivity, a RMIS can save significant time in administrative costs.

Unlock returns from Data Driven Decision Making

  • Replace 10,000 spreadsheets as your project database!
  • In today’s world of big data, organizations that can manage data better have a competitive advantage. And for businesses looking to win big projects and stay competitive, demonstrating your data management abilities through risk management provides one of the clearest connections between data quality and bottom line.
  • Mastt helps own your project data throughout the lifecycle of an asset.
  • help combat rising operating expenses in future by defining future performnace based on past project data.
  • categorising cost data to bring forward onto the next project and design out
  • We've found correlations between site selection, project contracting, consultant locations and more that can be used to reduce costs.
  • Gain greater data visibility on their projects to inform the next projects

Let past data drive forward planning

  • And of course, better data quality means businesses have better historical data to draw on when they take on new projects.
  • Historical risk information can be used to generate a lessons learned database to streamline future project risk analyses. Over time, this improves project risk management across the business, not just on the project-specific level.

Increase Revenue, protect profit

  • Increased revenue from visibility into time charters optimizes the timing of project delivery
  • Data on projects and vendor positions improves future decision making
  • Commercial teams have more time to deepen customer relationships, which leads to more business
  • Cost overruns with better budgeting and billing
  • Avoid accidental overpayments

Identify new Revenue

  • Capital allocation
  • Competative advantages in proposing Mastt

Enterprise wide cost savings

  • Cost savings from more accurate, enriched data on each project delivered in real-time alerts let program and portfolio managers intervene earlier with projects to stop risks or issues before they occur.
  • efficient collaboration among projects powered by collaborative intelligence improves the programs ability to negotiate deals across projects

Mastt works for every owner, whether you're building a skyscraper or streamlining workflows. See how Mastt can work for you

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