Complete Lifecycle Management with PRISMG2

In today’s dynamic world, an Improved planning, budgeting, earned value management, performance measurement and cost control have become very essential for reducing project risk and secure on-time, within budget delivery. In addition, capital projects are also increasing in size and scope and are under constant scrutiny. With an integrated cost management solution, PRISMG2 helps organization reduce project risks by aligning cost and schedule throughout the project lifecycle :

• Combine budget, committed costs, resource requirements, and schedule dates

• Effectively communicate project performance with statistically-accurate estimate at completion information

• Complete and comprehensive earned value

For over 15 years ARES Project Management, LLC. Has helped owners and contractors manage and controls capital projects more effectively. Integrate and standardize processes from Cost Management, Engineering, Procurement, and Contracts to Construction and access real-time Project Intelligence with the only complete, integrated project management solution – PRISMG2.


PROJECT INTELLIGENCE

To reduce project risk, and secure on-time and within budget delivery, an improved planning, budgeting, earned value management, cost control, and performance measurement are of a great necessity. For an easy and secured role-based access to all the above mentioned features, owners and contractors are now implementing PRISMG2. With more than 30 algorithms supporting even the most complex progress measurement, PRISMG2 is the clear winner for complete cost control.
 

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COST MANAGEMENT

Today, capital projects are increasing in size and scope, and are under far more scrutiny. Improved planning, budgeting, earned value management, ]cost control and performance measurement are imperative to reduce project risk and secure on-time, within budget delivery. To adopt standardized processes, owners and contractors are implementing PRISMG2 to provide easy, secure, role-based access to budgeting, progress and performance measurement, earned value cost and schedule analysis, change management, funds allocation, cost forecasting, and reporting.

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ENGINEERING

PRISMG2 Engineering is designed for budgeting engineering tasks and deliverables by hours and quantities to calculate progress achieved. It helps an easy understanding of the progress percentages from engineering tasks and link them to budget line items for accuracy in performance measurement of overall progress and Earned Value Performance.

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PROCUREMENT

PRISMG2 Procurement provides the required functionality to manage the complete procurement process for any size or type of project.

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CONTRACTS

PRISMG2 Contracts is an essential contracts management tool, whether you are an Owner, EPC or Construction Management firm. Benefits to its customers are: • Provides solution to create Prime Contracts, • Manage Request for Proposal(RFPs), • Conduct bid analysis • Award committed contracts, • Facilitates complete payment processing. The result – complete revenue tracking and cash flow.

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CONSTRUCTION

PRISMG2 Construction is an essential progressing tool for efficient and timely status updates from the field. • Keep your team (including contractors and subs)on track By identifying critical issues when tasks are going over budget or falling behind schedule • Report accurately the progress based on hours, costs and installed quantities with user-defined rules of credit for complete performance measurement. • Get alerted to issues in a timely manner allowing the rapid development of corrective actions to keep your projects on-time and within budget

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NEW RELEASES

The new version of PRISM is much advanced and makes it much easier to oversee all moving pieces throughout the project lifecycle:

REPORT PROGRESS AND MEASURE PERFORMANCE
CHANGE ACCOUNTABILITY
MITIGATE RISK AND ELIMINATE SURPRISES
AND MUCH MORE…

It is now possible to achieve a complete project lifecycle management with the help of PRISM and its updated version with advanced capabilities and improvements. For a thorough list of enhancements and to download this latest release, current customers can visit the PRISMG2 Support & Training Portal at www.aresprism.com/support/support-portal/.

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PRISM

Gold Standard, Project Proven

For 15 years, ARES Corporation helps companies manage local and multi-national capital projects and programs. Customers implementing PRISM with sound project management practices experience up to a 20% reduction in overall project costs.

PRISM

PRISM offers major cost savings by optimizing project performance. Project Management is the process that ensures projects are adequately designed for the intended purpose, constructed using techniques that guarantee functional adequacy, and tested to provide operational confidence for the client.  ARES Corporation has provided Project Management services and software applications for the past 15 years, providing full-service Project Management solutions, as well as niche support roles, to solve our clients’ most perplexing problems. The PRISM Project Management Suite is designed for work groups managing single capital projects requiring estimating, cost management, engineering management and contracts administration.

Project Estimator

PRISM Project Estimator initiates the project’s cost management plan. Cost estimating is a key function of any project. The cost estimate is the starting point for development the project budget which will be used for project authorization, securing bank financing, and managing the project cost. A good project starts with an accurate estimate that is characterized by clear organization and the ability to be reviewed and modified in rapidly changing conditions.

PRISM Project Estimator is an application that was designed by and for professional estimators that prefer to spend their time analyzing site conditions, local production rates and pricing instead of wasting time manipulating a spreadsheet or working with rigid database programs.

Why do you need PRISM Project Estimator?

  • To create a conceptual estimate of project costs during a feasibility study
  • To create a bankable document for obtaining project financing
  • To develop a detailed basis for the project budget during the design stage
  • To estimate change orders during design and construction
  • To standardize the estimating process on Joint Venture projects where several entities contribute to the project estimate

Benefits

  • Save time and money with intuitive easy to use data entry screens and processes
  • Eliminates the need for spreadsheets and reports writers
  • Flexible enough to use on any type or size of estimate in virtually any industry
  • Allows any number of user-defined or commercial databases for fast and accurate estimate development
  • Has full multi-currency capability for development of international projects

Project Manager

The use of PRISM Project Manager can result in significant cost savings. PRISM Project Manager is an Earned Value Management System (EVMS) designed and developed by professional project managers and project controls engineers and is suitable for all sizes and types of projects in virtually all industries. With PRISM Project Manager you can plan, budget and control a project through all project phases including proposal, planning, engineering, procurement, construction, startup, and operations. When used by professional project management personnel with good project procedures, PRISM can help reduce overall projects costs by 5% – 25%.



PRISM Project Manager is a collection of integrated project management software applications designed to help project managers:

  • Reduce Project Risk by providing critical project information needed for corrective action decision making in a timely manner,
  • Provide Earned Value reporting required by government agencies,
  • AchieveCost/Schedule Integration with project planning data through seamless integrations with Primavera Project Manager© and Microsoft Project©,
  • Reduce project costs by approximately 5% to 10% by providing single source data entry and data integrity.
  • Easily integrate actual and committed financial/accounting data with project budget data for timely forecasting and reporting.

PRISM Applications and Modules

PRISM Project Manager was developed using a modular approach. The ten (10) modules are grouped into four (4) functional areas: Cost Management, Engineering Management, Procurement and Materials Management and Contracts Adminstration. Each module has the capability to be used in a stand-alone fashion; however, when used in conjunction with each other, they provide true integration of project data in a single software package. One-touch, single-source data entry equates to cost savings, and more importantly, data integrity for all of your project data.

Complete Data Integration is found in a single software package!

PRISM Project Manager is in use on major engineering, construction and IT projects throughout the world by some of the industry’s leading Architect/Engineering Companies, Construction Managers, Owners and Government Agencies.


PRISMG2

As the “Gold Standard” for integrated cost and Earned Value Management Systems (EVMS), PRISMG2 empowers companies to consistently complete projects on time and within budget.

Today, capital projects are increasing in size, scope and under far more scrutiny.  Improved planning, budgeting, earned value management and cost control are imperative to reduce project risk and secure on-time, within budget delivery.

ARES Corporation, is engineering the future of Project Management with PRISMG2.  PRISMG2 helps organizations reduce project risks by aligning cost and schedule

  • Combine budget, committed costs, resource requirements and schedule dates
  • Effectively communicate project performance with statistically-accurate estimate at completion information.
  • Complete and comprehensive earned value

For more than 15 years, ARES has helped owners and contractors effectively manage and control capital projects.  PRISMG2 is an easy-to-deploy and easy-to-adopt solution that provides organizations with increased visibility throughout the project lifecycle.  Integrate and standardize processes from Estimating, Cost Management, Engineering, Procurement, to Construction with the only complete, integrated project management solution – PRISMG2.

Estimating

Initiate the Project Cost Management Plan

PRISMG2 Estimating provides flexible structure and coding capabilities needed to create a conceptual estimate for feasibility studies and detailed estimates required to win work and develop sound budgets. PRISMG2 supports a structured “building-block” methodology for developing project cost estimates, which maximizes consistency of estimate information while minimizing repetitive data entry. Automatically build budgets, capture actuals and consistently forecast project costs.

  • Create conceptual estimates based on historical data and industry data sources
  • Produce bankable documents to obtain project financing
  • Standardize procedures with estimate benchmarks
  • Develop detailed basis for project budget
  • Support costs details for design and construction changes

The PRISMG2 Difference


  • Supports any industry with flexible coding structures
  • Unlimited user-defined cost elements to support all cost types
  • Calculate cost elements based on weighted percentages of associated elements
  • Factor estimates globally or individual record

Cost Management

Secure, on-time, and within budget delivery

Today capital projects are increasing in size, scope and under far more scrutiny.  Improved planning, budgeting, earned value management and cost control are imperative to reduce project risk and secure on-time, within budget delivery.  To adopt standardized processes, owner and contractors are implement PRISMG2 to provide easy, secure, concurrent access to budgeting, progress and performance measurement, earned value cost and schedule analysis, change management, funds allocation, cost forecasting and reporting in a single, integrated package.  Facilitate resource planning, import detailed estimate to baseline budgets.  Integrate project schedules to time-phase budgets and take advantage of 25 algorithms to support even the most complex progress measurement.

  • Unlimited control accounts required for cost summarizations, funds availability, variance and forecast reporting
  • Time-phased baseline budget creation and control to track responsibility, scope and corrective action plans
  • Complete earned value management that exceeds all government reporting requirements and current functionality found in competitive alternatives
  • Enterprise reporting periods with multiple calendars
  • Measure performance and productivity using cost, hour and quantity control elements
  • Resolve claims quickly with audit controls and change management processing
  • Resource and staff planning


The PRISMG2 Difference

  • Save time and money with easy integration with corporate finances
  • Seamless integration with scheduling applications including Oracle® Primavera P6 and Microsoft ® Project
  • Avoid frustrating configuration control issues with single source data entry
  • Exceed federal government reporting requirements
  • Plan and control resource with resource staffing
  • View real-time cost tracking and variance analysis
  • Pinpoint potential problems with real-time forecasting
Cost Management package reduces the effort needed to manage your project’s cost and keep the project on schedule


Engineering

Control engineering progress to ensure success


PRISMG2 Engineering is designed for budgeting engineering tasks and deliverables by hours and quantities for calculation progress achieved.  Understand progress percentages from engineering task and link to budget line items for an accurate measurement of overall progress and earned value performance.

  • Enter, status, and progress engineering documents
  • Budget tasks and deliverables by hours and quantities
  • Accurately measure progress and report productivity
  • Link packages to schedule to automate procurement and contract activities


The PRISMG2 Difference

    • Link engineering to materials management and budgets to accurately measure progress and forecast total costs
    • Provide engineers with the best tools to keep tasks and deliverables on-time



      Procurement

      Streamline procurement process with end-to-end management for all project sizes


      PRISMG2 Procurement provides the required functionality to manage the complete procurement process for any size or type of project.  Generate the first engineering requisition through managing delivery of materials and equipment to the job site.

      • Develop bid packages from Requisitions, perform bid analysis, and award Purchase Orders
      • Generate engineering requisitions and purchase orders
      • Materials delivery and equipment tracking
      • Evaluate supplier performance to aid in selection process


      The PRISMG2 Difference

      • Flexible and easy to learn and maintain
      • Role-based solution, for all procurement professionals
      • Automatically generate requisitions and track required delivery
      • Maintain supplier performance scorecards


      Construction

      Exceptional construction process management for all project sizes

      PRISMG2 Construction is an essential contracts management tool.  Customers take advantage of this tool to manage all contract bids, award best contractor and even create and manage the payment process.  Automatically calculate progress and monitor contractor invoices and payments as they are received.  Seamlessly track commitments, measure contractor progress and update actual costs for a complete understanding of project’s status.

      • Record contract bids, perform bid analysis and award contracts to best contractor
      • Evaluate contract performance and calculate accurate progress
      • Monitor contract invoices and make timely payments
      • Record and track changes for accurate forecasting
      • Create punch list for detailed contract close out
      • Report and optimize project cash flow


      The PRISMG2 Difference


      • Flexible and easy to learn and maintain
      • Role-based solution, for all contract administrators
      • Maintain contractor performance scorecards
      • Automatically update actual and accurate report cash flow
      Cost Management package reduces the effort needed to manage your project’s cost and keep the project on schedule.

      PRISMG2 Services

      PRISMG2 + ARES Project Management Consulting: Let our experience work for you

      With over 15 years of providing project management solutions to customers in multiple industries, ARES Corporation has the capabilities and expertise needed to help any client succeed.  From scheduling, to developing work processes and procedures, to PRISMG2 implementation, ARES has the processes, the personnel, and the tools required to effectively manage projects, all backed by a reputation earned by solving our clients’ toughest challenges.  Service offerings include:

      • Microsoft Project and Oracle Primavera scheduling support
      • Cost estimating support
      • Project controls and reporting support and custom development
      • Project planning support
      • Review work process, coding structures and reporting requirements and make recommendations for improvement
      • Assist in the development of Project Procedures and Project Management Plans
      • Develop a training program tailored to fit your organization’s work processes, including project management techniques and software implementation
      • Assist in project startup
      • Provide extension of staff during project execution

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