ARES PRISM Blog
Trends in Project Management & Project Controls
6 Reasons Your Organization Needs Project Management Software
Some projects fail; that’s just reality. A survey conducted by PwC found that more than 60 percent of project failures are linked to internal project issues (e.g., missed deadlines, insufficient resources). In fact, the top three reasons for project failure — bad...
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Change Management in Project Management
Change management in project management is the controlling or managing of any deviation (or change) from the project plan that is in action. Change management, also known as change control, is the process of tracking and reacting according to the changes that are...
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Societal Benefits of Infrastructure Projects
ARES PRISM has been utilized on many major infrastructure projects across the globe, including mega projects. One of the things we love more than helping our customers stay on schedule and on budget are the benefits projects like these bring to society. Take our...
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How Major Industries Are Digitizing Project Management
The ways in which major industries are digitizing their project management varies from one to the next, but they are all shifting over to digital processes and transforming the way their companies operate for the better. There are many challenges industries are...
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How To Improve Project Management Maturity
Organizations are always looking to advance their project management maturity levels, but sometimes the mindset is one of "We are already behind, and since systems are not already in place, we're too late." While many organizations have learned that it is often far...
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Timesheet Tracking Coming to ARES PRISM’s Cost Management
It’s about time! ARES PRISM is partnering with HMS Software to bring customers an integrated cost management and timesheet solution with TimeControl. Our enterprise cost management module will be equipped with HMS Software’s enterprise TimeControl timesheet software....
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10 Reasons to Use Time-Phased Budgets Instead of Cost-Loaded Schedules
First, let's do a quick recap of why we use Time-Phased Budgets and Cost-Loaded Schedules and the various differences between them. In project management, Time-Phased Budgets and Cost-Loaded Schedules are both methods that can be used in the creation of a Performance...
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How The Sunk Cost Fallacy Is Affecting Your Project Decisions
The Sunk Cost Fallacy refers to a decision that involves continuing to invest additional resources such as people, time or money into a situation due to a desire to not waste the already used, unrecoverable resources. Once a resource is spent and is nonrefundable, it...
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What is PRISM? Is It Cost Management, Risk Management, ERP, PPM or Project Management Software?
The question sometimes comes up at project management events we attend, "What is ARES PRISM?" Project managers and PMOs ask us, "Is it cost management software? Risk management software or an ERP system? PPM software or project management software?" ARES PRISM is a...
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How To Manage Stakeholders: Stakeholder Management for Project Controls
It is crucial to any project's success to have proper stakeholder management in place so that relationships with your stakeholders not only become or remain positive, but also so that their expectations and objectives for the project are not only known,...
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Stop Using Excel to Manage Multiple Projects
Using Excel spreadsheets to track cost and progress for one project is manageable. Excel allows project managers to spend time creating colorful reports and checking their data for accuracy. However, for project managers who have more than one project, perhaps even a...
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Project Management Secret to Success: Training Your Employees
Training is seen by many employees as an integral part of their overall compensation – it demonstrates a belief in the employee and a willingness to help them develop and grow. The crux is that training employees can be incredibly expensive to an organization, but not...
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