ARES PRISM Blog

Biggest Causes of Cost & Schedule Overrun

Posted by Gail Medley on Mar 21, 2017 11:55:21 AM
Cost and schedule overruns can completely derail a project. No one wants that! So its important to look at the major pain points that contribute to overruns which include:  
  • Limited access to information
  • Lack of trust in data
  • Manual preparation of reports
  • Inconsistent processes
  • Management reserve (contingency) is spent too quickly
  • Surprises that cause overruns in cost and time

Project Management Offices (PMOs) are in a unique position to develop strategies to avoid these pain points.

And that's why we wrote our newest white paper.  We wanted to look at strategies that can be used by PMO's to resolve the causes of most cost and schedule overruns.  Start learning from other high performing and mature PMO's who utilize these strategies: 

  • Get the questions right
  • Simplify getting to the answer
  • Optimize reports
  • Analyze and forecast
  • Adapt, evolve and engage

New Call-to-action  DOWNLOAD WHITE PAPER: STRATEGIES FOR HIGHLY EFFECTIVE PMOs

The Project Management Office (PMO) is responsible for enabling the decision-making process; verifying and reporting progress; and facilitating communication across the Engineering, Procurement and Construction (EPC), Project Management Contract (PMC), and Owner Operator (OO). This white paper provides strategies utilized by high performing and maturing PMOs to accomplish these goals.

 

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Where We've Been - Follow PRISM to London, Montreal & California

Posted by Tiffany Minegar on Mar 15, 2017 10:39:49 AM

The beginning of the year has been a busy and exciting time for ARES PRISM.  We participated in AACE's Western Winter Workshop and the CG/LA Global Infrastructure Forum. We also hosted a UK PRISM Seminar & Networking Event. We love meeting all our PRISM fans and look forward to upcoming events this year!

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Topics: PRISM News

The Advantages & Disadvantages of ERP Software in Project Management

Posted by Simon Medley on Feb 7, 2017 9:05:00 AM

Enterprise Resource Planning (ERP) software is often used to manage projects, however, it is questionable how effective these systems really are. ERP is a method of using computer technology to link various functions— such as accounting, inventory control, and human resources—across an entire company.  We will be looking specifically at the advantages and disadvantes of the a single all-encompassing solution as opposed to multiple best-of-breed softwares integrated together. 

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Topics: White Paper Downloads, Efficiency, Project Controls

Earned Value Cheat Sheet

Posted by Gail Medley on Jan 17, 2017 7:00:00 AM

Find yourself forgetting important Earned Value formulas and symbols? Use this handy cheat sheet to refresh your memory! Click here for a printable version.

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Topics: Earned Value Management, Helpful Tips, Cost Management, Project Controls

Introducing A New ARES PRISM Customer Portal

Posted by Tiffany Minegar on Dec 22, 2016 11:15:00 AM

 

At ARES PRISM, our customers are important to us and we want to make sure that they receive the support they need. That is why we are introducing a new and improved customer support portal where you can:

  • Report a problem
  • Request an enhancement
  • Request a license
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Topics: PRISM News

PRISM G2 Version 4.0 Now Available

Posted by Tiffany Minegar on Dec 21, 2016 3:15:51 PM


Here at ARES PRISM, we work continually to improve our product to ensure it is meeting our customers' needs. And that is why we are thrilled to announce the availability of
PRISM G2 Version 4.0.

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Topics: PRISM News

Accurate Schedules Using The DCMA Assessment

Posted by Gail Medley on Dec 15, 2016 9:17:01 AM

In 2005, the Defense Contract Management Agency (DCMA) implemented a 14-Point Schedule to help identify potential issues within project schedules. These 14 points act as a means of evaluating schedules to ensure they are built to best practices.

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Topics: Earned Value Management, Helpful Tips, Project Controls

Where We've Been - Follow PRISM to San Diego, Denver, London, and Houston

Posted by Tiffany Minegar on Nov 23, 2016 3:10:28 PM

We are finishing out the year strong with lots of exciting PRISM events.  This fall we participated in PMI Global Congress, CGLA North America Infrastructure Leadership Forum, SpaceCom, and Project Controls Expo.  We loved meeting all our PRISM fans at these events!

 

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Topics: PRISM News

Importance of Project Controls Software in Public-Private Partnerships

Posted by Gail Medley on Nov 3, 2016 5:22:06 PM

Public-Private Partnerships (also known as P3s or PPPs) are gaining popularity as a way to fund massive infrastructure projects across the globe. The use of P3s makes it possible to invest in projects that would otherwise be neglected, ultimately creating economic opportunity and improved global infrastructure. 

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Topics: Earned Value Management, Cost Management, Project Controls

Why Consulting Companies Should Use ARES PRISM Project Management Software

Posted by Gail Medley on Oct 24, 2016 9:30:00 AM

It's well known that ARES PRISM is highly useful for owner companies, but some may be unaware of the benefits it can provide to consulting companies.  

Here are five simple reasons why consulting companies should be using ARES PRISM's Enterprise Project Lifecycle Management Solution including quick deployment, versatility & flexibility, easy reporting, standardized processes and data integrity. 

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Topics: Project Lifecycle Management, Cost Management, Efficiency, Project Controls