ARES PRISM Blog

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

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

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

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

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

What Does "Out Of The Box" Software Really Mean?

Posted by Ett DiGiovanni on Aug 9, 2016 2:33:31 PM

When someone tells you that something is “out of the box”, what goes through your mind?

The reason I ask is that you may be surprised by what the term “out of the box” means to some people, especially in regards to software.  Some companies argue that “out of the box” includes software that provides basic functionality when initially installed, but requires additional custom development before it would be considered usable in a working environment.  After all, they argue, the software is partially usable - it can be installed on a computer and will start, it will show basic forms and menus. True, it doesn’t yet include all the functions you need, but that’s just a configuration issue, right? The software seller has promised to “configure” the software (for an additional cost over a period of months) to include the missing functions.  So, why can’t they call their software “out of the box”?

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Topics: Earned Value Management, Project Lifecycle Management, Change Management, Cost Management, Commercial Off The Shelf (COTS) Software