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....
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...
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...
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...
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....
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...
