Integrated Project Lifecycle Management

Transcription

1 Integrated Project Lifecycle Management

2 Predict andinfluence Project Success with Capital projects are increasing in size and scope and are being managed under additional scrutiny. Without comprehensive earned value analysis, troubled projects can spiral out of control before anyone even recognizes a problem exists. Improved planning, budgeting, earned value management, and cost control are imperative to reduce project risk and secure on-time, within budget delivery. Consequently, owners and contractors are faced with mounting pressure to adopt stringent project cost and earned value management processes to enable complete project transparency.

3 PRISM by ARES Project Management is an integrated project lifecycle management solution. PRISM helps organizations reduce project risks by aligning cost and schedule in a single, user-friendly application. With its seamless integration with ERP and scheduling systems, PRISM combines the baseline budget, change order, commitment, expenditure, progress, forecast, and schedule data required to effectively communicate project performance with statistically-accurate estimate at completion information. With PRISM, you can have the data necessary to predict project results, pinpoint potential problems, and react quickly to resolve issues. Benefits Lower Project Costs with a Proven Solution Use data analysis to reduce project costs and schedule overruns Simplify month-end progress and status reporting Eliminate spreadsheets and have confidence in your data Decrease project management overhead costs Optimize cash flow to increase profitability Integrate Estimate, Schedule and Cost Reduce project risks by aligning budgeted cost and schedule Integrate with Oracle Primavera P6, Microsoft Project, and financial systems Develop time-phased budgets and eliminate the need for cost loaded schedules Forecast resources, cost, and schedule to completion Measure Performance across Projects, Program and Enterprise Perform earned value analysis Analyze performance variances and provide explanations and actions Expose potential problems with accurate forecasting Increase management awareness with executive dashboards

4 Early Project Optimization Reduces Costs We firmly believe, as do our customers, that the best opportunity for project cost savings is during the definition, planning, and early design phases. That s why we provide an end-to-end, total cost management solution to help global organizations reduce costs with increased visibility throughout the project lifecycle. Let PRISM revolutionize how you estimate and plan projects, control project costs, and manage projects with the forecasting, progress, and performance measurement insight required to steer projects to on-time, within budget delivery. WHY? Comprehensive Seamless data integration from conception to completion Cost tracking, variance analysis, and forecasting to facilitate accurate predictions of end-of-project costs Exceeds Federal Government requirements for Earned Value Management Early warning indicators (KPIs) to identify performance issues and maximize productivity Intuitive Data access in user-interface is role-based Flexible coding, powerful analytics, and useful reporting options are available to meet project and enterprise reporting requirements Web-based Dashboard displays comprehensive cost and performance data at the enterprise, portfolio, and project levels Scalable and Secure Multi-project Multi-user access Multi-currency Multi-language

5 Product Details Our PRISM solution provides organizations with desirable flexibility to deploy and adopt PRISM based on business requirements. PIRSM can work in an LAN environment, a WAN environment, or across the Internet. With a role-based interface, and Microsoft standards, PRISM is an easy to learn for any type of user including: Cost engineers who manage project costs all day, every day; Project managers who require up-to-date information to identify potential problems and react quickly to resolve issues and mitigate project risks; and Project executives who require instant enterprise dashboards that summarize performance statistics and delivers accurate forecasts they can trust.

6 PRISM offers seven packages to accurately emulate your workflow and business processes resulting in improved project management and controls. These PRISM integrated packages encompass estimating, cost management, engineering, procurement, contracts administration, field management, and dashboards. Estimating PRISM Estimating is designed for organizations that require consistency and centralization of their estimates and estimating data. With PRISM Estimating, create a conceptual estimate for feasibility studies with a range of detailed estimates required to win work and develop sound budgets. Estimating Features Reduce project risks by aligning estimate, budgeted cost and schedule Increase collaboration since multiple estimators can work on the same estimate in real-time Define roles for estimators by enabling or restricting permissions Integrate processes can be provided linking the estimate with project controls, accounting, or procurement Business intelligence and analytics enabling decision making with increased speed and accuracy

7 Cost Management Customers implement PRISM Cost Management to secure on-time, within budget delivery. This complete cost management solution supports all required processes including budgeting, resource planning, time-phasing, progress and performance measurement, earned value management, cost and schedule analysis, risk tracking, funds allocation, forecasting, and reporting. Each user integrates project schedules and initial cost estimates to develop time-phased budgets and forecasts. This tight cost and schedule integration eliminates the need for schedulers to resource load and update progress in their schedule after the initial project plan is input. With more than 25 algorithms supporting even the most complex progress measurement, PRISM is the clear winner for complete cost control. Cost Management Features Create unlimited control accounts to manage project data at the level of detail desired by the user Establish time-phased budgets to represent cash flow plans for projects Exceed government reporting requirements with complete earned value management Summarize cost details to the enterprise with enterprise reporting periods Measure performance and productivity using cost, hour and quantity control elements Plan and forecast resources by reporting period Implement change management processes to maintain control of scope and cost Configure change approvals using flexible workflow and role-based, monetary thresholds

8 Engineering PRISM Engineering is an earned value engineering progress solution designed for budgeting and monitoring hours by engineering tasks, deliverables, and packages. Engineering documents are progressed using various methods including pre-defined milestones. Documents linked to engineering packages are subsequently linked to Control Accounts in Cost Management to provide progress and performance at multiple levels of detail. Engineering Progress Features Define, status, and progress engineering documents and deliverables Group and organize documents with flexible coding Budget tasks and deliverables by hours Accurately measure progress and report productivity by milestone or deliverable Link packages to schedule to automate procurement activities Procurement PRISM Procurement provides the required functionality to manage the complete procurement process for any project, size, or type. Customers can easily generate purchase requisitions, Requests for Quotation (RFQs), bid analyses, and purchase orders by accessing process equipment and bill of material databases. Upon award, manage shipments to ensure items are properly tracked and delivered to the job site according to plan. Procurement Features Develop bid packages from Requisitions, perform bid analysis and award Purchase Orders Generate engineering requisitions and purchase orders Expedite the delivery of materials and process equipment to the project site

9 Contracts Administration PRISM Contracts Administration is a complete contracts management tool, whether you are an Owner, EPC or Construction Management firm. Customers take advantage of this solution to create Prime Contracts, manage Request for Proposals (RFPs), conduct bid analysis and award committed contracts, as well as complete payment processing. Contracts Administration Features Record contract bids, perform bid analysis and award contracts to the best contractor Evaluate contract performance and calculate accurate progress Monitor contract invoices and make timely payments Record and track changes for accurate forecasting Field Management PRISM Field Management is an essential progressing tool for efficient and timely status updates from the field. Keep the team, including contractors and subs, on track by identifying critical issues when tasks are going over budget or falling behind schedule. Accurately report progress based on hours, costs and installed quantities with user-defined rules of credit. With detailed field management throughout the project lifecycle, the team will be alerted to issues in a timely manner allowing the rapid development of corrective actions to keep projects on-time and within budget. Dashboards PRISM Dashboards enables executives and project controls professionals to visualize their data and understand project, program, and portfolio performance at a glance. Using PRISM Dashboards, publish interactive dashboards in seconds and then view them on an ipad or Android tablet. Because viewers need only a web browser or a tablet to filter, sort, and answer their own questions, they can engage anywhere, anytime. Finally, insights move out of project controls and into the core of the business. Dashboard Features It s so easy to use that any Excel user can learn it Create dashboards with the project team Share dashboards with the project team, the owner, or anyone that needs fast visual performance information Only a few clicks to publish so spend time on analysis, not on IT Expertly designed to be the very best performing dashboard for project management data in the world Field Management Features Define, status, and progress construction tasks by CBS, WBS, area, phase etc. to be progressed on a routine basis Budget tasks and deliverables by hours and quantities Dynamically record actuals from field Accurately measure progress and report productivity Create daily construction progress reports

10 Discover the Power of Our solution is powerful, easy to use and scalable for projects and programs of all sizes. PRISM satisfies the project needs of your entire organization. Our software innovations enable customers to implement a solution that s right for them. From custom reporting, PRISM Dashboard to ERP integration, everyone gets the information they need to run a more successful project. Powerful Custom Reporting. PRISM provides over 200 robust reports at the project and enterprise level. In addition to these standard reports provided with PRISM, take advantage of an easy to use custom report writer to provide greater flexibility to establish professional operational reports specific to your organization or as required by your project. Fast, Secure Anywhere Access. With increased mobility and improved technology, organizations can provide users with fast, secure, and easy access to PRISM. Instant Business Intelligence. Owners, EPC firms and contractors require enterprise project intelligence to make important strategic decisions about their capital projects and programs. The best way to achieve this is by enabling complete project transparency via interactive dashboards with key performance indicators (KPIs). With PRISM Dashboard, you will have instant, secure access to your enterprise project cost data that helps you understand business and project performance in terms of schedule, budget, and most importantly forecasts.

11 ARES Project Management Solutions Successful projects involve comprehensive planning and mindful execution to ensure company profitability. ARES Project Management is the only complete solutions provider solely dedicated to the advancement of Project Cost Management. Our complete solution empowers you to eliminate or reduce the obstructions that impact efficiency and performance. ARES Project Management offers integrated Project Management capabilities encompassing: Gold standard technology solution for project cost and Earned Value Management PRISM Certified project management training offerings Experienced professionals with first-hand practical project management and industry experience Expertise to staff and augment your team and assist in the standardization of your project and risk management processes and procedures. ARES Project Management is a wholly owned subsidiary of ARES Holding Corporation, one of the most prestigious project and risk management services provider for Government agencies, contractors, and Fortune 1000 companies in Aerospace, Defense, Energy, Construction, Metals/Mining, and Oil/Gas industries. ARES employs over 700 personnel in more than 20 offices around the world who are dedicated to delivering innovative solutions that exceed customer expectations.

12 Copyright 2015 ARES Project Management LLC. ARES Project Management LLC logos are trademarks or registered trademarks of ARES Project Management LLC in the United States and other countries. All Rights Reserved. All other trademarks and registered trademarks are the property of their respective owners. PMI, PMP, PMBOK Guide, and the PMI Registered Education provider logo are registered trademarks of the Project Management Institute, Inc.