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.