![]() ![]() Our development team realised they could use this "Actual" phasing to create an automated benchmark algorithm. These payments represent the earned value of the project. This information tells us the actual dates that payments were made, and their individual values. One example of this is the progressive sequence of payments made against a contract. ![]() The core design structure of UniPhi means that data entered once is available in many places. With the goal of improving cash flow phasing in mind, we took a step back and analysed the available data that was stored in UniPhi. Knowing our expertise in creating benchmark software, our clients presented us with a hypothesis that the actual earned value from past projects could be used to derive the earned value of future projects thereby producing a far more accurate cash flow forecast than the current method. An 'S' curve is the shape a cash flow typically takes when profiled on an XY diagram due to the fact that projects generally start slow, get busy in the middle, and tail off during practical completion.Ĭurrently, most of the industry is using a CSIRO developed algorithm that was released in the 1990s and only runs on Windows 95. While working closely with a number of our clients we realised that there was no recent software system that allows for automated 'S' curve phasing. Up until recently UniPhi allowed an estimate to be phased in a linear manner over a period of time, or manually to fit the Gantt. Once a cash flow is created, it requires further analysis to ensure data accuracy and validity, all of which takes yet more time. Among the problems faced by cost managers when attempting to produce a reliable cash flow is the disparate nature of the information they rely on (estimation tools, excel spreadsheets, emails, document versions, etc.). ![]() The product being submitted evolved out of this relationship with our cost management clients who came to us to advise that the marketplace does not currently have any accurate algorithms for phasing cash flows for construction projects. One of the key target markets for our cost and contracts modules is the cost management professional. Our core web application has been used to develop innovative outcomes for organisations across the entire construction value chain including developers, consultants, contractors and sub-contractors. UniPhi (Aus) Pty Ltd develops software for the built environment. ![]()
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