ARES PRISM is an on-premise and web-based solution helping organizations measure progress and performance across projects and programs. Key features include cost management, change management, contracts, procurement, engineering, documentation, estimating, field management, and earned value management.
The ARES PRISM platform comes with a centralized dashboard, which enables executives to view forecasted costs, approve pending changes, schedule milestones, spot project trends, identify high-risk projects, and manage time-phased cash flow data. Finance teams can create control accounts to manage project data, plan resource allocations, and measure productivity using cost, hour, and quantity control elements. Plus, managers can establish budgets by tasks and deliverables, as well as group and organize documents with flexible coding.
ARES PRISM's contract management module helps teams collect contract bids, evaluate contract performance, and record invoices and payments to complete contract transactions. It lets users work collaboratively on estimates and historical databases, enhancing consistency in processes across the organisation. Managers can provide role-based access to procurement professionals and generate supplier performance scorecards.
For the first time in our organization we managed to drop all excel sheets and use one solution that caters for all business needs. Reporting accuracy has increased noticeably, and time to generate reports has dropped drastically which in turn gave our users the time to do what is more important in their jobs.
For the first time in our organization we managed to drop all excel sheets and use one solution that caters for all business needs. Reporting accuracy has increased noticeably, and time to generate reports has dropped drastically which in turn gave our users the time to do what is more important in their jobs.
Pros - Ease of use, PRISM is user-friendly and allow flexible import/export functionality, plus a lot of utilities that caters for bulk updates.
- Comprehensive Project Controls Capability and features, PRISM is a one stop shop, you don't need to look for additional systems to cover gaps, because there isn't any.
- Fully Integrated solution, All modules talk to each other very efficiently, no need to worry about external integrations.
- Excellent Support team, Experienced and responsive team that resolves issues promptly.
Cons - Reporting features, PRISM standard reports are good but a bit difficult to customize.
Pros Use of Excel to update via imports and exports
Wide variety of canned reports and processes (includes change control, trends)
Cons Canned 80's/90's style reports that cannot be modified.
Can't copy an existing report to modify and make another report.
Executive Summary reports do not format correctly. S-Curve /Histogram has errors on progress (group that has not started yet shows progress.
Technical Support not consistent.
Dashboard is not included.
Great cost control software with instant budget and schedule integration
Used daily for 2+ years
Reviewed 2017-09-29
Review Source: Capterra
There are many benefits to using the software. I like the enterprise reporting capability where multiple cost engineers can be managing projects in the system and that data can be combined at the program level. As a cost engineer, financial analyst, or project manager, there are few tools that can match G2 out of the box. There are definitely some competitors who offer products that can be tailored more to a specific business, but the amount of time and money that is required for the customization is very expensive. G2 is great for anyone who is converting from spreadsheets to a more structured platform.
There are many benefits to using the software. I like the enterprise reporting capability where multiple cost engineers can be managing projects in the system and that data can be combined at the program level. As a cost engineer, financial analyst, or project manager, there are few tools that can match G2 out of the box. There are definitely some competitors who offer products that can be tailored more to a specific business, but the amount of time and money that is required for the customization is very expensive. G2 is great for anyone who is converting from spreadsheets to a more structured platform.
Pros The things I like most about G2 is that it is ready to go out of the box. G2 provides enough structure for you to start using it immediately, but also offers the ability to customize to many different business needs. G2 can be used at a project or program level to manage projects from a few million to several billion dollars.
Some other benefits are that you can quickly setup the software to integrate with SAP, load actuals, and see your EAC quickly in both tabular and graphical form. You can select your physical progress method to obtain both calculated and independent EAC's.
Integrating the software with Primavera is also very easy by creating a cross-reference utilizing G2's built in utilities. The same can be done to map your estimate to control accounts so that you have a common element at the level which the project is managed.
There are a good amount of standard reports are available and the system also has a report writer available.
When starting a new project, I immediately go to G2. I like the fact that reporting periods are locked down once closed out and forecasts can be obtained easily. The system also allows you to process accruals in a couple of different ways and allows the tracking of both actuals and incurred.
Great software that I will continue to use for many years!
Cons There are a good amount of standard reports available, but if using the report writer, some time is required to learn.
I have had experience with the PRISM software products since 1996, my level is expert.
Used occasionally for 2+ years
Reviewed 2017-09-26
Review Source: Capterra
Reduced effort in managing the monthly reporting process, reduced duplicate work, reduced effort spent finding mistakes in the multiple systems we used. ROI was realized quickly. Baseline can be established quickly allowing the monthly reporting and trending processes to begin sooner in the project cycle. Ability to establish a baseline while the other systems (schedule & estimate) are being fine tuned. The change management features save time on the project and allow changes to be incorporated very quickly!
Reduced effort in managing the monthly reporting process, reduced duplicate work, reduced effort spent finding mistakes in the multiple systems we used. ROI was realized quickly. Baseline can be established quickly allowing the monthly reporting and trending processes to begin sooner in the project cycle. Ability to establish a baseline while the other systems (schedule & estimate) are being fine tuned. The change management features save time on the project and allow changes to be incorporated very quickly!
Pros It's ready to go on Day 1, you can actually load data and start configuration immediately and develop a PMB very quickly. I've used on Mining, O&G, Energy, Land Development, Rail, Airports, Government EVMS required projects, and even IT projects and PRISM has always met my program' / projects' needs. If there is a gap, the ARES team works to understand the requirement and close the gap. The ROI was quick as the implementation and training cost were fare less than other tools on the market. The system has many reports to analyze a programs performance if tracking unit rates, quantities or just contract and subcontract values. It's easy to get data into and out of the system and doesn't require complex work flows.
Cons The on-screen analytics can be improved. All analytics run through reports or from the Dashboard system. It has taken us a long time to get service packs to fix technical issues in the past. It's seems to be getting better. Most issues were addressed with simple work-a-rounds luckily.
- Improves financial performance with an out-of-the-box proven solution
- Improves workflow, enhances visibility and control
- Measures performance across projects, programs and enterprise
- Fast ROI with simple and fast implementation without any customization required
- Provides ability to manage demanding complex projects easily
FAQs for ARES PRISM
Below are some frequently asked questions for ARES PRISM.
Q. What type of pricing plans does ARES PRISM offer?
ARES PRISM has the following pricing plans:
Pricing model: One Time License, Subscription Free Trial: Available (No Credit Card required)
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