Chiyoda Corporation Chooses ARES PRISM as Enterprise Project Cost Management Solution

BURLINGAME, Calif., Dec. 9, 2013 /PRNewswire/ -- ARES Project Management, LLC, a leading project management solutions provider, today announced that Chiyoda Corporation, the world-leading engineering company, will standardize on ARES PRISM for enterprise project controls and cost management across its operations to help ensure success of their global projects. 

Chiyoda has wide-ranging business interests in such fields as energy, chemicals and petrochemicals, pharmaceuticals, environmental technology, social infrastructure and industrial facilities.

Chiyoda previously used a range of solutions - including desktop solutions, spreadsheets and internally developed applications.  Consequently, Chiyoda looked for an improved system to gain a comprehensive view of projects' cost and visualized the associated risks at the enterprise level.

"Recognizing that we needed a consistent project and portfolio management environment to improve global operation for competitive advantage in global EPC market," said Junichi Masukawa, General Manager of IT Management Unit at Chiyoda Corporation. "In collaboration with Chiyoda System Technologies Corporation (CST), a PRISM reseller, we were confident that PRISM would best meet our needs to establish Chiyoda global standard project management platform to manage all EPC projects in Chiyoda group. Our PRISM is completely integrated with SAP, our financial management environment, and ability to have visibility and right decision aligned to corporate management and global operation."  With their site license, Chiyoda and their subsidiaries are deploying PRISM as their corporate standard for project controls including budget management, revenue tracking, contract administration, and change management to enable accurate forecasting and on time project delivery. 

"Chiyoda Corporation is a great example of an organization taking steps to ensure common and effective project controls enterprise-wide," said Michael R. Jackson, CEO, ARES Project Management, LLC. "This investment demonstrates Chiyoda's commitment to global excellence.   Together, ARES Project Management, CST and Chiyoda are partnering to ensure a smooth roll-out, which includes training and custom integration with 3^rd party solutions."

About Chiyoda Corporation
Chiyoda Corporation is the world-leading engineering company, has world-ranging business interests in such fields as energy, chemicals and petrochemicals, pharmaceuticals, environmental technology, social infrastructure and industrial facilities.
Since its founding in 1948, Chiyoda has built various plants and executed numerous projects in over 40 countries around the world.
For more information about Chiyoda Corporation see:  http://www.chiyoda-corp.com/en/index.html

About Chiyoda System Technologies Corporation (CST)
Chiyoda System Technologies Corporation (CST) was established in 2012 by merging Chiyoda Keiso Co., Ltd. ("CKC") and IT Engineering Limited ("IT&E"). CST provides EPCm services for electrical and instrumentation facilities, IT business such as system consulting, development, integration and operation support, and EPCm services for Mega Solar facilities. CST established a firm position in project portfolio management solution provider in Japan as IT&E with global project management expertise, and has over 100 customers in each industry, such as Engineering and Construction, Oil and Gas, Utility, Government, Manufacturing, Financial, IT, etc.
For more information about Chiyoda System Technologies see: http://www.cst.chiyoda.co.jp/

ARES Project Management, LLC
ARES Project Management, LLC, a subsidiary of ARES Holding Company, is a world-class provider of integrated project management solutions.  Organizations in more than 50 countries rely on PRISM to manage the engineering and construction of capital projects to lower cost, mitigate risk and improve project performance.  Our customers include 4 of the 5 top defense agencies, 8 of the top 10 mining companies and countless energy, oil and gas, aerospace and engineering and construction firms from around the world.  With more than 95% repeat business each year, ARES is a results-oriented business partner with a drive towards 100% customer satisfaction.  www.aresprism.com

SOURCE ARES Project Management, LLC