Engineering the Future of Project Management With New PRISM G2 From ARES Corporation

BURLINGAME, Calif., Sept. 23 /PRNewswire/ -- ARES Corporation, a leading project management software provider, today announced the immediate availability of its newly released PRISM G2, a fully-integrated Project Cost Management solution designed to manage local and multi-national capital projects from conception to completion.  Industry leaders, including the top energy, oil and gas, mining and engineering and construction firms around the world, are selecting PRISM G2 to standardize project control processes resulting in improved planning, budgeting, earned value management and cost control of their capital projects.

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"In our continuing mission to deliver innovative solutions, PRISM G2 is an industry standard for end-to-end, enterprise earned value and project cost management.  PRISM G2, when combined with sound project management practices, can reduce project management labor costs, improve data integrity, and lower overall project costs by up to 20%," said Dr. William Vantine, President of ARES' Software Solutions Division.

"During my time with the federal group at Parsons, PRISM was our corporate standard for cost reimbursable contracts with an EVM requirement," said Mr. Michael Nosbisch, President of the Association for the Advancement of Cost Engineering (AACE International).  "Our first test was to stand it up on a large Department of Energy contract.  The PRISM implementation was not only successful, but we passed an important certification review just few months later."

With PRISM G2, firms will:

Optimize Project Performance: Measure performance and track costs throughout the life-cycle with variance controls, estimate benchmarking, and funds allocation and availability.

Lower Project Costs: Improve management awareness with timely information, risk identification and mitigation, and collaborative action controls.

Protect Valuable Cost Information: Support multiple projects, users, currencies and language with PRISM G2, a complete solution for multi-national companies.

Exceed Earned Value Management Requirements: Exceed all Federal Government reporting requirements for Earned Value Management (EVM).  PRISM G2 integrates with Oracle® Primavera P6, Microsoft® Project, SAP®, and JD Edwards to eliminate data transfer issues.

Available for immediate release, PRISM G2 includes all the functionality found in the original PRISM Suite and much more.  For more information, visit www.arescorporation.com/PRISM.

About ARES Corporation

ARES Corporation is a global technology solutions provider in the Aerospace, Defense, Energy, Construction, Metals/Mining, and Oil/Gas industries.  ARES' clients include government agencies, government contractors, and Fortune 1000 companies.  ARES has over 700 employees in more than 20 offices.

SOURCE ARES Corporation