ARES PRISM is a construction project management solution suitable for businesses of all sizes. It offers features such as manpower loading, time and payroll reporting, cost management, equipment tracking and field management.
PRISM provides role-based real-time cost tracking and forecasting which enables users to predict capital projects and programs. Users can estimate data to forecast completion dates, manpower requirements for different projects.
PRISM helps site supervisors to estimate data and create a master schedule. The master schedule helps in modifying tasks on the basis of task duration, date, percentage of completion and more. The solution also assists to track cost of the project which includes material cost, rental equipment cost on a per day basis.
PRISM offers reporting features for funding analysis, progress measurements, supplier and vendor evaluations and more. The solution also includes support for multiple currencies and languages. Support is offered via phone and online portal.
Brian C. Specializzazione: Settore petrolifero ed energetico Numero di dipendenti: 5.001-10.000 dipendenti
There are many benefits to using the software. I like the enterprise reporting capability where multiple cost engineers can be managing projects in the system and that data can be combined at the program level. As a cost engineer, financial analyst, or project manager, there are few tools that can match G2 out of the box. There are definitely some competitors who offer products that can be tailored more to a specific business, but the amount of time and money that is required for the customization is very expensive. G2 is great for anyone who is converting from spreadsheets to a more structured platform.
The things I like most about G2 is that it is ready to go out of the box. G2 provides enough structure for you to start using it immediately, but also offers the ability to customize to many different business needs. G2 can be used at a project or program level to manage projects from a few million to several billion dollars.
Some other benefits are that you can quickly setup the software to integrate with SAP, load actuals, and see your EAC quickly in both tabular and graphical form. You can select your physical progress method to obtain both calculated and independent EAC's.
Integrating the software with Primavera is also very easy by creating a cross-reference utilizing G2's built in utilities. The same can be done to map your estimate to control accounts so that you have a common element at the level which the project is managed.
There are a good amount of standard reports are available and the system also has a report writer available.
When starting a new project, I immediately go to G2. I like the fact that reporting periods are locked down once closed out and forecasts can be obtained easily. The system also allows you to process accruals in a couple of different ways and allows the tracking of both actuals and incurred.
Great software that I will continue to use for many years!
There are a good amount of standard reports available, but if using the report writer, some time is required to learn.
Chris D. Specializzazione: Industria edilizia Numero di dipendenti: 51-200 dipendenti
Reduced effort in managing the monthly reporting process, reduced duplicate work, reduced effort spent finding mistakes in the multiple systems we used. ROI was realized quickly. Baseline can be established quickly allowing the monthly reporting and trending processes to begin sooner in the project cycle. Ability to establish a baseline while the other systems (schedule & estimate) are being fine tuned. The change management features save time on the project and allow changes to be incorporated very quickly!
It's ready to go on Day 1, you can actually load data and start configuration immediately and develop a PMB very quickly. I've used on Mining, O&G, Energy, Land Development, Rail, Airports, Government EVMS required projects, and even IT projects and PRISM has always met my program' / projects' needs. If there is a gap, the ARES team works to understand the requirement and close the gap. The ROI was quick as the implementation and training cost were fare less than other tools on the market. The system has many reports to analyze a programs performance if tracking unit rates, quantities or just contract and subcontract values. It's easy to get data into and out of the system and doesn't require complex work flows.
The on-screen analytics can be improved. All analytics run through reports or from the Dashboard system. It has taken us a long time to get service packs to fix technical issues in the past. It's seems to be getting better. Most issues were addressed with simple work-a-rounds luckily.
Kyle K. Specializzazione: Settore petrolifero ed energetico Numero di dipendenti: 10.001+ dipendenti
Standardized way of implementing projects and standardized reports.
Bulk importing/updating data via excel is very powerful. I also like the flexible coding structures and user defined fields that allow for tracking additional data. Between these 2 I've been able to satisfy all requirements for project cost reporting for several different business units. It has supported all our data requests to date and aided in our Enterprise reporting. This was helped along by us being able to link our Enterprise Analytics tool Spotfire to PRISM G2 for Enterprise reporting.
In my opinion PRISM should have a web interface for managing changes. Changes should be distributed and Reviewed/Approved using email and web links and the change documents should be available from the web page. The reports are flexible by utilizing the coding structures however they are getting outdated and static. This is why we replaced most of the PRISM reports with Spotfire dashboards. They are interactive and more flexible.
Gary A. Specializzazione: Trasporti/Trasporto merci/Ferrovie Numero di dipendenti: 501-1.000 dipendenti
This product helped my client manage a multi billion, 10+ year Transit Expansion Program in the Denver Metro area. The transit agency's budget, cost and contracts systems were hampered by limitations that would not support long-term projects. PRISM (PPM thru G2) was implemented to remedy these issues.
ARES has listened to the industry and has adopted necessary functionality to help project teams deliver on time and to budget. The system adapts will to varying project delivery scenarios and will work for contractors as well as big program level conditions. From scoping/budget development, through implementation, change management, funds tracking/control, schedule interface, all the bases are covered. Really solid product.
Long time user of PRISM PPM, so there was some "look" and "feel" adjustments to make. All good in the end. Data cut-over from old system wasn't an issue. Minor bugs have been worked out during early G2 version release(s), but this is typical of any software roll out.
Oscar O. Specializzazione: Industria edilizia Numero di dipendenti: 10.001+ dipendenti
ARES PRISM is a great tool for any project controls team who wants to elevate the way Cost and Performance Reports are presented to the client. It is a good tool to really manage large amount of data to focus on key aspect of Project Controls: performance, change management, forecast.
PRISM offers a good set of functionalities to manage cost, progress and change in almost any type of project. Standard reports are easy to read and data can be summarized and grouped for cleaner presentation. Data analysis for forecast is simpler than using any spreadsheet. Customer Service is very good.
We still face some software glitches in certain views and when running calculations/reports. User Manuals should be better developed for more complex functionalities, eg. Staffing Plans, Indirect Costs, etc.
Despite our Customer Experience is very satisfactory, there are few improvements and fixes that have been around for a while with no effective response from the development team.