Project controls professionals work tirelessly to deliver their projects on-time and within budget. We believe that there are five core project controls that are elements required for the successful delivery of a project or program: Work breakdown structure (WBS) generation and management, estimation, scheduling, cost management and change management. These five elements are further described in the new White Paper: 5 Pillars of Project Controls.
ARES PRISM was thrilled to be a sponsor at this years AACE International Conference. The event was held in sunny San Diego, California from June 24-26, 2018. We had the opportunity to present about our newest field progressing software features and to discuss improving project performance and integration with Project Control Academy.
The ARES PRISM Field Management module has been redesigned to simplify the way you track project progress. New features have been added to enhance both the Field Management and Reporting capabilities. Here are a few of the highlights:
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.
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.
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.
If there were a project management hall of fame, would you want to improve your winning streak? Here's how!
PRISM G2 Contracts is a complete contracts administration tool for owners, EPCs and construction management firms. PRISM G2 Contracts is a core requirement for many of ARES PRISM's clients around the world, including Abu Dhabi Airports (ADAC), Dubai Expo 2020, and many others. The module, has the capabilities to:
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)
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.