ARES PRISM Blog

ARES PRISM is a Finalist in the London Construction Awards 2018

Posted by Tiffany Minegar on Jul 12, 2018 8:35:45 PM

The London Construction Awards are one of the most prestigious construction awards in London and aim to recognize achievements, development and innovation in the booming construction industry. They feature a wide range of award categories and just announced that ARES PRISM is a finalist for the Technological Innovation of the Year award.

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Topics: Cost Management, PRISM News

Measuring Project Performance With Earned Value Management

Posted by Gail Moch on May 3, 2018 10:56:32 AM

According to the Project Management Institute, Earned value management is a management methodology for integrating scope, schedule, and resources; for objectively measuring project performance and progress; and for forecasting project outcome. Earned value management a.k. a EVM is a powerful way to gain insight into how a project is performing and what problems the project may face in the future.

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

ARES PRISM Is Taking The Mining Industry By Storm

Posted by Gail Moch on Mar 12, 2018 8:00:00 AM

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.

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Topics: Earned Value Management, Dashboards, Change Management, Cost Management, PRISM News, Integration

Stakeholder Management for Project Controls

Posted by Werner Botes on Feb 8, 2018 10:00:00 AM
Group of business people assembling jigsaw puzzle and represent team support and help concept.jpeg

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.  

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

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

CWA Engineers Selects ARES PRISM For Increased Collaboration, Change Control, and Earned Value Management

Posted by Tiffany Minegar on Nov 7, 2017 1:08:48 PM

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Topics: Earned Value Management, Dashboards, Change Management, Cost Management, PRISM News, Integration

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

DanCar Energy Construction Selects ARES PRISM

Posted by Tiffany Minegar on Oct 12, 2017 9:31:29 AM

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.”

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Topics: Dashboards, Cost Management, PRISM News, Estimating, Field Management

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

AACE International Awards ARES PRISM with "Excellence in Cost Management"

Posted by Tiffany Minegar on May 1, 2017 5:29:41 PM

ARES PRISM is honored to accept this year’s AACE International award for Excellence in Cost Management.  The purpose of this award is to recognize outstanding organizations who embody standards for excellence and innovation in the field of cost, risk and project management.  ARES PRISM was acknowledged for its outstanding efforts in the Crossrail, Dubai Expo 2020, and Abu Dhabi Airport expansion projects. 

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Topics: Cost Management, PRISM News