ARES PRISM Blog

Gail Medley

Marketing Specialist at ARES Project Management

Recent Posts

Ten Reasons to Use Time-Phased Budgets Instead of Cost-Loaded Schedules

Posted by Gail Medley on Nov 28, 2017 9:08:39 AM

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.

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Topics: Earned Value Management, Cost Management, White Paper Downloads

Introducing PRISM G2 Version 4.3

Posted by Gail Medley on Nov 8, 2017 9:00:00 AM

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. 

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What You Should Really Be Scared Of This Halloween

Posted by Gail Medley on Oct 30, 2017 8:25:00 AM

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 budget ? THERE WAS NO WAY TO KNOW! 

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Topics: Limitations of Spreadsheets, Cost Management, Commercial Off The Shelf (COTS) Software

2017 Tech of the Year Awards: Most Innovative Tech Firm - Asia Pacific

Posted by Gail Medley on Aug 30, 2017 7:53:14 AM

We were honored to receive the award for Most Innovative Tech Firm in the Asia Pacific and to be included in the August 2017 edition of the CV magazine. 

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Topics: PRISM News

Alderon Iron Ore & Their Use Of ARES PRISM

Posted by Gail Medley on Aug 9, 2017 8:41:13 AM

Alderon Iron Ore has been of our valued customers since 2013. This Canadian company has recently been working on the Kami Project, a mining opportunity situated in the Labrador Trough, Canada’s premier iron ore district. "With the recent completion of an updated Preliminary Economic Assessment and Economic Impact Assessment, Alderon is re-booting its Kami Project to take advantage of improved iron ore prices, reduced CAPEX requirements, and available infrastructure. With its access to skilled labour, quality infrastructure, and a high-grade deposit, Kami will deliver a quality product that is cost-effectively shipped to customers around the world." (Alderon Iron Ore, 2017)

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Topics: Cost Management, PRISM News, Project Controls

Analyzing S-Curves Using ARES PRISM Software

Posted by Gail Medley on Aug 4, 2017 2:45:13 PM

S-curves can be an incredibly powerful tool in the management of projects. They graphically display cumulative progress information over time and can be used to gain valuable insight into any type of project. The curves provide an intuitive method for the project team and stakeholders to understand how a project is progressing.

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Topics: Earned Value Management, Dashboards, White Paper Downloads, Reporting

What is Service Oriented Architecture?

Posted by Gail Medley on Jun 2, 2017 10:00:00 AM

You may or may not have heard of Service Oriented Architecture (SOA), but this approach is actually at the core of successfully integrating your various software systems. 

A Service Oriented Architecture (SOA) is an architectural approach where you expose and encapsulate services in a coarse-grained manner. It helps to enable integration interaction between systems.  To put it in more basic terms, it is different services communicating with one another. 

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Topics: White Paper Downloads, Efficiency, Project Controls, Integration

Why Invest In Estimating Software?

Posted by Gail Medley on May 11, 2017 7:51:35 AM

Estimates are a necessary part of project management that simply cannot be avoided. Accurate and timely estimates can mean the difference between project success and failure. But beyond that, why should you invest in Estimating software?

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Topics: Project Lifecycle Management, Forecasting, White Paper Downloads, Commercial Off The Shelf (COTS) Software, Efficiency, Project Controls

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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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