First, let's do a quick recap of why we use Time-Phased Budgets and 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
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.
Topics: PRISM News
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)
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.
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.
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?
- 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
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.
Find yourself forgetting important Earned Value formulas and symbols? Use this handy cheat sheet to refresh your memory! Click here for a printable version.