Trends in Project Management & Project Controls
Benchmarking projects involves comparing project processes and performance metrics to either industry best standards and practices or successful completed projects. In some instances, benchmarking comparisons are done in relation to other companies, but in terms of...
It was a wild year for everyone, to be sure, but our ARES PRISM team did its best to pivot to support our loyal customers and continue delivering a quality product in spite of all the 2020 pandemic chaos. Check out our greatest 2020 achievements!
While the global construction industry had a 3% anticipated growth rate for 2020 ahead of the pandemic, this forecast was reduced as COVID-19 spread worldwide. There are many ways the global pandemic has affected the global construction industry, and here we cover the highlights.
Earned value is the most effective and accurate technique for measuring a project’s performance. Calculating earned value (EV) in project management for measuring progress and performance can be done in many ways. Luckily, there are many formulas involved in EVM analysis for various calculations to fit any project size or scope. These include:
What is the difference between project controls and project management? Project controls and project management are not the same thing, in fact, project controls is a function of project management. Let’s define and discuss these two project elements.
Choosing the right projects or programs for your portfolio that will yield the highest returns requires a process of project selection and prioritization.
We break down the pros and cons of cloud-based and on-premise software solutions, so you can better determine which deployment is best for your organization.
Projects, no matter the industry, produce a bulk of data and information from many sources. These various sources include different departments with differing systems and software. While an abundance of data is great for getting insight into your projects, it is not...
Consultancies benefit from ARES PRISM project controls software via Fast Deployment, Versatility & Flexibility, Easy Reporting, Standardized Processes & Data Integrity.
In comparison to corporate procurement, there are significant differences in the way project procurement needs to be tracked and managed. Corporate procurement systems are very rarely built with functionality that allows users to see the details that project procurement needs– tracking materials and process equipment at the detailed level required for projects.
Your team has meticulously researched project controls software solutions & finally selected a great fit, but now comes the hard part – The Implementation.
The approach to evaluate the accuracy of the forecasting techniques available in earned value management consists of a 3-step procedure: