ARES PRISM Blog
Trends in Project Management & Project Controls
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, but met....
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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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A Year in Review: ARES PRISM 2018
Another great year of helping our customers achieve project management success with ARES PRISM is wrapping up! It has been such a busy year, and while we could write a novel about 2018, we figured our readers would prefer a recap of the highlights. Check out our...
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Top 5 Project Management Mistakes to Avoid in 2019
Project managers know that there are a lot of moving parts that go into making a project successful. We’ve compiled a list of the most common project management problems and the solutions to fix them. 1. Using Spreadsheets to Manage Your Project/Not Using a PM Tool If...
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ARES PRISM Wins Global Award for Project Controls in a Mega Project
ARES PRISM, project lifecycle management software, earned the honor of the Global Award for Project Controls in a Megaproject 2018 while attending the Project Controls Expo in London last week. While this award highlights PRISM's success with Crossrail, it was also...
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Field Management Made Easy
The ARES PRISM Field Management module has been redesigned to simplify the way you track project progress. New features have been added to enhance both the Field Management and Reporting capabilities. Here are a few of the highlights: Simplification of Progress...
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Measuring Project Performance With Earned Value Management
According to the Project Management Institute, earned value management is a management methodology for integrating scope, schedule, and resources; for objectively measuring project performance and progress; and for forecasting project outcome. Earned value management...
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