Barrick Gold Corporation – Business Process Integration & Portfolio-Level Insight

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Summary

Our case study explores how Barrick Gold Corporation, the world’s top producer in the gold mining industry, is utilizing ARES PRISM enterprise project controls software to increase efficiency, provide effective reporting and data analysis, and provide visibility for stakeholders.

How Barrick is using PRISM is truly a story of integration and digitalization. Through ARES PRISM, Barrick integrates all of their project data in one place; it’s their centralized source for project controls, authorization of expenditures, documentation and financial data.

Challenges

  • Lack of transparency for stakeholders
  • Decentralized data in several different systems
  • Poor forecasting
  • Manual transcription of funding and cost information
  • Inefficient capital & budget management
  • Obsolete AFE system

Solution

Implement a project management solution that:

  • Brings all project data together in one place
  • Provides portfolio-level insight to stakeholders
  • Integrates with Oracle ERP, Microsoft Projects & Primavera P6
  • Replaces and improve the AFE process

Results

  • Save time and money via increased efficiency
  • Eliminate manual efforts in AFE process
  • Increase visibility for stakeholders
  • Provide effective reporting and data analysis
  • Help with corporate standardization initiative and digital transformation objectives