diff --git a/CHANGELOG.md b/CHANGELOG.md
index a5c6ff922..65707cf2f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -39,7 +39,7 @@ Documentation for MIVisionX is available at
 * OpenCV - [4.6.0](https://github.com/opencv/opencv/releases/tag/4.6.0)
 * FFMPEG - [n4.4.2](https://github.com/FFmpeg/FFmpeg/releases/tag/n4.4.2)
 * Dependencies for all the above packages
-* MIVisionX Setup Script - `V2.6.1`
+* MIVisionX Setup Script - `V3.1.0`
 
 ### Known issues
 
diff --git a/MIVisionX-setup.py b/MIVisionX-setup.py
index b960f7293..78af58813 100644
--- a/MIVisionX-setup.py
+++ b/MIVisionX-setup.py
@@ -22,6 +22,7 @@
 import sys
 import argparse
 import platform
+import traceback
 if sys.version_info[0] < 3:
     import commands
 else:
@@ -29,7 +30,7 @@
 
 __copyright__ = "Copyright 2018 - 2024, AMD ROCm MIVisionX"
 __license__ = "MIT"
-__version__ = "3.0.0"
+__version__ = "3.1.0"
 __email__ = "mivisionx.support@amd.com"
 __status__ = "Shipping"
 
@@ -38,6 +39,7 @@ def ERROR_CHECK(call):
     status = call
     if(status != 0):
         print('ERROR_CHECK failed with status:'+str(status))
+        traceback.print_stack()
         exit(status)
 
 # Arguments
@@ -185,6 +187,8 @@ def ERROR_CHECK(call):
             platfromInfo = platfromInfo+'-Ubuntu-20'
         elif "22" in platform.version():
             platfromInfo = platfromInfo+'-Ubuntu-22'
+        elif "24" in platform.version():
+            platfromInfo = platfromInfo+'-Ubuntu-24'
         else:
             platfromInfo = platfromInfo+'-Ubuntu-undefined-version'
 elif os.path.exists('/usr/bin/zypper'):
@@ -388,7 +392,7 @@ def ERROR_CHECK(call):
                 ERROR_CHECK(os.system(
                     '(cd '+modelCompilerDeps+'/nnef-deps; git clone https://github.com/KhronosGroup/NNEF-Tools.git)'))
                 ERROR_CHECK(os.system(
-                    '(cd '+modelCompilerDeps+'/nnef-deps/NNEF-Tools/parser/cpp; mkdir -p build && cd build; '+linuxCMake+' ..; make)'))
+                    '(cd '+modelCompilerDeps+'/nnef-deps/NNEF-Tools/parser/cpp; mkdir -p build && cd build; '+linuxCMake+' ..; make -j$(nproc))'))
                 ERROR_CHECK(os.system(
                     '(cd '+modelCompilerDeps+'/nnef-deps/NNEF-Tools/parser/python; sudo python3 setup.py install)'))
             else:
diff --git a/README.md b/README.md
index 844f83c37..2deea68a3 100644
--- a/README.md
+++ b/README.md
@@ -309,7 +309,7 @@ Review all notable [changes](CHANGELOG.md#changelog) with the latest release
 * OpenCV - [4.6.0](https://github.com/opencv/opencv/releases/tag/4.6.0)
 * FFMPEG - [n4.4.2](https://github.com/FFmpeg/FFmpeg/releases/tag/n4.4.2)
 * Dependencies for all the above packages
-* MIVisionX Setup Script - `V2.7.0`
+* MIVisionX Setup Script - `V3.1.0`
 
 ### Known issues
 
diff --git a/docs/install/installation.rst b/docs/install/installation.rst
index d7cff9af9..596ed4091 100644
--- a/docs/install/installation.rst
+++ b/docs/install/installation.rst
@@ -274,7 +274,7 @@ Tested configurations
 * OpenCV - `4.6.0 <https://github.com/opencv/opencv/releases/tag/4.6.0>`_
 * FFMPEG - `n4.4.2 <https://github.com/FFmpeg/FFmpeg/releases/tag/n4.4.2>`_
 * Dependencies for all the above packages
-* MIVisionX Setup Script - V2.7.0
+* MIVisionX Setup Script - V3.1.0
 
 Known issues
 -------------------