ARES PRISM

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.

Vorteile

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!

Nachteile

There are a good amount of standard reports available, but if using the report writer, some time is required to learn.

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!

Vorteile

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.

Nachteile

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.