PRISM G2 Cost

Customers implement PRISM Cost, Cost Management Software, to secure on-time and within budget project deliverables.

Integrate project schedules and cost estimates to develop time-phased budgets and forecasts, as well as measure performance and productivity using cost, hour, and quantity control elements.

This module 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. PRISM’s cost management tool supports an organization’s structured change management process. Its centralized design allows tracking of changes that affect budgets, forecasts, and commitments in the other PRISM project management modules.

PRISM Engineering 

PRISM Engineering is an earned value management tool and engineering progress solution designed for budgeting and monitoring hours by tasks, deliverables, and packages. Engineering documents can be progressed using various methods including pre-defined milestones. Documents linked to engineering packages are subsequently linked to Control Accounts in PRISM Cost to provide progress and performance at multiple levels of detail.

PRISM Contracts

PRISM Contracts is a complete contracts administration tool for owners, EPCs and construction management firms. Create prime contracts, manage Request for Proposals (RFPs), conduct bid analyses, award committed contracts, as well as complete payment processing in PRISM’s contract management solution.

PRISM Procurement

PRISM Procurement is project procurement software that 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 analysis, punch list tracking, and purchase orders by accessing process equipment and bill of material databases. Upon award, manage shipments to ensure items are properly tracked and delivered to the job site according to plan.

PRISM Field

PRISM Field is an essential field management and progressing software for efficient and timely status updates from the field. Keep the team, including contractors and subs, on track by identifying critical issues when tasks are going over budget or falling behind schedule. PRISM Field is used to develop progress accounts and progress items that are budgeted and tracked in terms of quantities installed or completed as well as hours worked for field activities. With detailed field management throughout the project lifecycle, the project team will be alerted to issues in a timely manner allowing for the rapid development of corrective actions to keep projects on-time and within budget. PRISM also offers PRISM Go, their web-based application that allows users to access and update the core data set from the field (or anywhere with internet access).

PRISM Estimating

PRISM Estimating is project management estimating software (Powered by CostOS) designed for organizations that require consistency and centralization of estimates and estimating data. With PRISM Estimating, users can create conceptual estimates for feasibility studies resulting in a range of detailed estimates that help to win work and develop sound budgets.

PRISM Integrator 

PRISM Integrator is an out-of-the-box integration software platform that connects IT systems, ERP systems, financial systems and other legacy systems; enabling companies to orchestrate data flow that supports business goals.

PRISM Docs

PRISM Docs is a documentation management tool for finding, sharing and controlling critical technical and business documents. It is a simple and flexible tool for solving the most complex data management, workflow and collaboration changes while easily addressing the unique requirements of other departments across the enterprise.

PRISM Dashboard 

PRISM Dashboard is executive dashboard software that enables executives and project controls professionals to visualize their data and understand project, program, and portfolio performance at a glance.

It allows quick analysis of projects at the enterprise level while also being able to drill down into individual projects.

By using PRISM Dashboard and PRISM’s embedded KPIs, exposure to project risks and costly surprises are markedly reduced, minimizing their impacts on project funding.

Users of Dashboard can view performance budgets, earned values, actuals, commitments, forecasts, variances, and performance indices, while driving executive insight in real- time.

CASE STUDIES AND WHITE PAPERS FROM ARES PRISM

White Paper: The 5 Pillars of Project Controls
Link: https://www.aresprism.com/resources/white-paper/five-pillars-of-project-controls/ Description: Explore the fundamental elements required to deliver a mature, effective and robust project controls capability. The aim of every project controls team should be the delivery of actionable information, at the right time, in the appropriate format and correctly contextualized.
White Paper: The Golden Thread of Change Management
Link: https://www.aresprism.com/resources/white-paper/golden-thread-of-change-management/ Description: This white paper explores the importance of having robust change management procedures, processes, and tools on a project. Known as the golden thread of change management, it provides traceability of changes so that organizations can follow a change from its current position back through the entire life of the project. Learn about the five factors of a successful golden thread implementation and five benefits of utilizing a robust change management process.
Case Study: Centralized Project Controls at Praetorian Construction Management Link: https://www.aresprism.com/resources/case-study/praetorian/ Description: This case study shares how Praetorian Construction Management uses PRISM to help provide project management services to a wide variety of clients.  PRISM gives Praetorian the flexibility they need while also increasing data accuracy, creating useful reports, and improving forecasting and trending.
White Paper: Project Management Maturity: Using Software to Setup Project Management Processes
Link: https://www.aresprism.com/resources/white-paper/project-management-maturity-setup/ Description: This white paper discusses the difficulties present when introducing a robust project controls system in an immature project management environment. It provides an overview of the benefits of using the implementation of software to drive project management maturity. And finally, how to successfully implement a robust software solution in a manner that will overcome the given challenges and provide the greatest benefits.
Case Study: Laing O’Rourke – Integrated Field Management & Labor Cost Management Link: https://www.aresprism.com/resources/case-study/laing-orourke/ Description: This case study shares how Laing O’Rourke Australia implemented PRISM to provide change management control, create a robust labour productivity monitoring and control process, and establish an early warning mechanism to enable confident decision making.
Case Study: Enterprise Reporting & Earned Value Management at LLWR Link: https://www.aresprism.com/resources/case-study/llwr-nuclear-waste-management/ Description: This case study shares how LLW Repository Ltd used PRISM to improve reporting, reduce reliance on spreadsheets, and increase control over their processes. They are now able to produce reports quickly while having total confidence in their data.