Burlingame, CA: More and more mining companies are embracing ARES PRISM as their project management solution. Greenstone Gold Mines, De Beers Canada and Resolute Mining have all recently begun implementing the ARES PRISM suite of software. ARES PRISM provides these companies with a robust solution to manage their project costs, aligning them to achieve success.
Project management is commonly believed to be the administration of the scope, time, and cost associated with a project. Yet, even when the project-triangle is carefully managed a project can still fail. Although all of these elements are crucial in the determination of project success, a lesser known (and often lesser managed) function within project management is stakeholder management. Without proper stakeholder management, a project is at far greater risk of failure.
Proper project reporting is a complex task that requires understanding how the project fits into the overall portfolio of your organization and how it impacts your customer(s). It’s important to tailor your reporting to what your stakeholders want to see. Tailoring each report to its audience reduces the workload on your project staff. When reports are well aimed, stakeholders are seeing the data they need with minimal excess.
Over the past few months, ARES PRISM has been at a host of exciting events in Africa and the United Kingdom. We attended and exhibited at Infrastructure Africa, AACE International South Africa Workshop, West African Ports Evolution, African Ports Evolution, Digital Construction Week and Project Controls Expo.
Topics: PRISM News
First, let's do a quick recap of why we use Time-Phased Budgets and a Cost-Loaded Schedules and the various differences between them.
We are proud to introduce the newest release of PRISM G2 - Version 4.3! Since the release of Version 4.0, PRISM has introduced an array of exciting features including a centralized change management module, improved reporting, staffing plan updates, and new calculations.
It was a dark and stormy night. A man sat alone in a darkened office building, light from the computer screen in front of him highlighted his expression of fear. Row after row of numbers in disparate spreadsheets filled the screen. Was the project on time? Was it on
DanCar Energy Construction (DEC) is a general contractor in the oil and gas industry and initially inquired about our PRISM Estimating solution. Christopher Stanley, an estimator at DEC, explains that they were “looking to expand our estimating capabilities especially with the implementation of 3D and BIM Takeoffs.”
The Sunk Cost Fallacy is a decision that involves continuing to invest additional resources like people, time or money into a situation because of a desire to not waste the already used, unrecoverable resources. This is a costly mistake we all make with various types of decisions.