ARES PRISM

ARES PRISM

6 Reviews

What is ARES PRISM?

ARES PRISM is enterprise project controls software that manages the complete project lifecycle delivering dependable forecasts, cost control, and performance measurement. ARES PRISM is a scalable, intuitive system that harnesses best practices and integrates all aspects of the project, including cost, schedule, change, estimating, contracts & procurement, and field progressing.

Our project management solution is used across globally in industries spanning energy, oil and gas, aerospace, mining, engineering, construction, infrastructure and consulting firms.

With offices across the globe, our state-of-the-art project management software is utilized to reduce risk and optimize resources in thousands of user projects worldwide. ARES PRISM software helps to deliver projects on-time and within budget. Visit our website at www.aresprism.com to learn more.

ARES PRISM Modules include:

-Cost Management: PRISM Cost supports all required processes including budgeting, resource planning, time-phasing, progress and performance measurement, Earned Value Management, cost and schedule analysis, risk tracking, funds allocation, forecasting, and reporting. Each user integrates project schedules and initial cost estimates to develop time-phased budgets and forecasts. This tight cost and schedule integration eliminates the need for schedulers to resource load and update progress in their schedule after the initial project plan is input.

-Change Management: PRISM Change provides organizations with a complete and auditable system for tracking cost and schedule changes to the project’s baseline and forecast. Change management helps support communication between all stakeholders within an organization and fosters better project control via transparency, increased awareness, and better decision-making.

-Portfolio Management: PRISM Portfolio provides organizations with the ability to track projects through their entire lifecycle; from ideation to close-out. Organizations can set project stages like front-end loading, conceptual engineering, feasibility study, detail design, etc. They can also set project gates where approval and rejection decisions are made.

-Engineering Management: PRISM 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.

-Contract Management: With PRISM Contracts, users can create Prime Contracts, manage Request for Proposal (RFPs), conduct bid analysis and award committed contracts, as well as complete payment processing.

-Procurement Management: PRISM Procurement provides the required functionality to manage the complete procurement process for any size or type of project. Customers can easily generate purchase requisitions, Requests for Quotation (RFQs), bid analyses, and purchase orders by accessing process equipment and bill of material databases.

-Field Progress: PRISM Field is a 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. Accurately report progress based on hours, costs and installed quantities with user-defined rules of credit for complete performance measurement.

-Executive Dashboards: PRISM Dashboards is an intuitive drag & drop tool that lets you see every change as you make it. Users can see and understand project, program and portfolio performance at a glance.

Serchen Index

71.57
150
Employees
156
Subscribers
420
Followers
212
Likes

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ARES PRISM Reviews

4.8

Excellent!

6 Reviews

Last reviewed on
01 June 2021

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Tuesday, June 1, 2021

ARES PRISM allows for a seamless flow of information between our finance and project community. It also offers a lot of visibility to stakeholders, which includes all groups in the company. Every department, every discipline at one point or another has a project that requires some form of capital. So now stakeholders can see what’s happening with projects.

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Wednesday, July 29, 2020

ARES PRISM works faster and quicker than any other software I have seen. The good thing about it is that it gets integrated with my older systems too. The features are flexible for example like import and export. It reduces the amount of time spent on working and it does the work in half amount of time. It manages project life cycle and contains robust features like Budgeting, Change Management, Collaboration, Dashboard, Milestone Tracking, Portfolio Management, Project Planning, Reporting/Analytics, Requirements Management, Resource Management, Task Management, Time & Expense Tracking and many others.

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Saturday, March 7, 2020

Ares Prism support project teams fo monitor and follow up projects and help project control team to follow best practices and standards of project management.

Prism G2 lets project team to improve their skills when it comes to change and earned value management

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Wednesday, October 2, 2019

For the first time in our organization we managed to drop all excel sheets and use one solution that caters for all business needs. Reporting accuracy has increased noticeably, and time to generate reports has dropped drastically which in turn gave our users the time to do what is more important in their jobs.

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Wednesday, October 2, 2019

Very easy to setup. The clients I support want different things, so the setup has to be flexible.

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Friday, September 29, 2017

There are many benefits to using the software. I like the enterprise reporting capability where multiple cost engineers can be managing projects in the system and that data can be combined at the program level. As a cost engineer, financial analyst, or project manager, there are few tools that can match PRISM out of the box. There are definitely some competitors who offer products that can be tailored more to a specific business, but the amount of time and money that is required for the customization is very expensive. PRISM is great for anyone who is converting from spreadsheets to a more structured platform.

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