ARES PRISM G2 Delivers A Complete Project Lifecycle Management Solution

OAKLAND, Calif., June 28, 2013 /PRNewswire/ -- ARES Project Management LLC today announced the immediate availability of its newly released cost management solution for capital projects.  ARES offers the only complete solution enabling companies to manage all aspects throughout the project lifecycle.

To maximize the likelihood for success, managers need an integrated system that combines project lifecycle fundamentals such as estimating, budgeting, funding, resource staffing, committed and actual costs and now real-time, change approvals and construction progress.  With complete control over changes and timely field updates found in PRISM, organizations have better insight into the risks that can derail a project. The critical components of PRISM include a role-based platform with out-of-the-box integration, standard and custom reporting, and instant configurability, resulting in immediate ROI for their customers. 

"PRISM plays a vital role throughout the project lifecycle because it gives the entire team the ability to collaborate with current information," said Nicole Stephano, VP Product Marketing at ARES. "When collaborative change management and progressing capabilities are combined with forecast analytics, performance metrics and risk mitigation strategies, PRISM  becomes a powerful solution enabling complete transparency for on-time, within budget delivery."

The latest version of PRISM makes it easier to oversee all moving pieces throughout the project lifecycle: 

REPORT PROGRESS AND MEASURE PERFORMANCE
To gain greater visibility during the construction phase, PRISM provides online and offline capabilities with detailed progressing to capture installed quantities and hours consumed. This solution eliminates in-house Excel-based systems for field personnel and offers highly configurable, comprehensive progressing capabilities required for earned value reporting.

CHANGE ACCOUNTABILITY
PRISM supports configurable workflow for approval of changes that adhere to governance requirements with clear accountability. With instant notification, companies now have more accurate forecasting.

MITIGATE RISK
PRISM helps organizations monitor, anticipate, and proactively mitigate project risk. Through powerful, yet easily understood analytics, users can predict likely outcomes and avert costly mistakes.

About ARES                                                     
ARES Project Management LLC is a world-class provider of integrated project management solutions. Organizations in more than 50 countries rely on PRISM to manage projects to lower cost, and improve project results. ARES customers include 4 of the 5 top defense agencies, 8 of the top 10 mining companies, and countless energy, oil, gas, aerospace, and engineering and construction firms.

www.aresprism.com

SOURCE ARES Project Management LLC