Creating Master Project - Child Projects Hierarchy in Project Costing

Hello,
Is it possible to create a Master Project (for example, for a division) and one or many Child projects for that divisions as the projects get rolled out?
A division is given a budget which can be assigned to the Master Project and as the divisional Projects are rolled out with a specific budgeted $s, the Master Budget would be reduced with a new version, so the total budget amount at Master Project Level remains the same.
Just like each sub-task roll up to a Top task and top-task make up the total Project, is it possible to create hierarchical Master-child project relationship with up roll up capability.
Thanks for sharing your thoughts. Note: The client @ 11.5.10 does not have License to use Project Contracts, and uses only the Project Costing module.
Regards.

Hey, those ain't "newbie" questions. The first one gets posted to the Forum Comments forum weekly. The second one, well I should have posted my normal detail, but got lazy - mea culpa, mea culpa.
1.) This ARTICLE should step you through the processes with the e-mails. If you have any questions, let us know. There are several places, where e-mail notification can be turned ON and OFF. Some are global, and some are specific to threads.*
2.) Ah, the ImgBurn site. The top 2/3 are all ads. Hey, it's great free software, so who can blame 'em? Scroll down to where the page has the various versions and what they addressed. There is a Download button there (well below those ads). That is what you want. Normally, I mention the scrolling way down page, but you caught me here.
Good luck,
Hunt
* Going back a few months, while trying to help another user on the Forum Comments forum, I got hit with a global change in my e-mail settings. I got about 1,000/day, for every forum that I participate in - think 1,000 x PS, PrPRo, Encore, InDesign, Illustrator, Audition, PrE and all of their sub-fora! Fortunately, it only took about 3 days for Adobe to get that fixed.

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