Integrated Cost Management Solutions

 ARES Corporation is one of the foremost Engineering, Project Management, Reliability and Mission Assurance, IT Architecture and Security, and Software Solutions companies in the United States. We differentiate ourselves from our competition by integrating unique, industry-leading quantitative risk management methodologies into every project to provide superior-quality products and services, on time and within budget. With a top-notch team of engineers, scientists, and other professionals, ARES focuses on solving industry’s most complex technical challenges in the key areas of nuclear, clean technology, space, and defense. 

    Applications

Today, capital projects are increasing in size and scope and are under far more scrutiny.  Improved planning, budgeting, earned value management, performance measurement and cost control are imperative to reduce project risk and secure on-time, within budget delivery.  With an integrated cost management solution, PRISMG2 empowers companies to consistently deliver projects on time and within budget. 

PRISMG2 helps organizations reduce project risks by aligning cost and schedule throughout the project lifecycle.

ü  Combine budget, committed costs, resource requirements, and schedule dates

ü  Effectively communicate project performance with statistically-accurate estimate at completion information

ü  Complete and comprehensive earned value

Dashboards

ü  Answer questions as fast as possible

ü  Ease of use to ease your mind

ü  Smart, fit and beautiful dashboards

ü  Analytics on the iPAD, Android tablets, sharepoint and everywhere

Cost management

ü  Unlimited control accounts required for cost summarizations, funds availability, variance, and forecast reporting

ü  Time-phased baseline budget creation and control to track responsibility, scope, and corrective action plans

ü  Complete earned value management that exceeds all government reporting requirements and current functionality found in competitive alternatives

ü  Enterprise reporting periods with multiple calendars

ü  Measure performance and productivity using cost, hour, and quantity control elements

ü  Resolve claims quickly with audit controls and change management processing

ü  Resource and staff planning

 Field Management

ü  Define, status, and progress construction tasks by CBS, WBS, area, phase etc. to be progressed on a routine basis

ü  Budget tasks and deliverables by hours, quantities and costs

ü  Dynamically record actuals from field

ü  Accurately measure progress and report productivity

ü  Create daily field progressing reports

 Estimating

ü  Multiple Estimators can work on the same estimate in real-time and experience true team collaboration

ü  Roles can be defined for the different Estimators, enabling or restricting them to perform specific tasks

ü  Flexible report writer enables the users to produce any kind of reports or analytics their organization or management is looking for.

ü  The central database can be deployed over Oracle 11g, SQL or MySQL

ü  Integrated processes can be provided linking the estimate with Project Controls, Accounting , or Procurement due to webservices technologies

ü  Organizations can add as many seats as they want and grow their knowledgebase quickly

ü  A global knowledgebase can be built allowing comparisons between different countries / cities as well as cost optimization in regards to procurement and fabrication locations

ü  Consistency in the estimates can be achieved, even from company offices in different countries.

 Integration

In the past, you may have asked “How do I integrate project controls data with my accounting system?” PRISM Integrator is an SAP Certified application to integrate G2 and SAP. For organizations running ERP 6.0 to current, the application obtains period actual financial data from your SAP accounting system and integrates it to G2’s award winning cost management application.

IMPROVE EFFICIENCY: In order to have an effective project controls environment, you need period actuals from your SAP accounting system to get an accurate picture of project performance. It is an essential part of knowing your project’s health.                     

With PRISM Integrator, both actuals and commitments can be imported from SAP into PRISM.  You are now able to automatically and instantly bring your financial data into PRISM – greatly reducing cycle time of cost analysis and improving your team’s efficiency.

ELIMINATE ERRORS: Not only will you greatly reduce the cycle time for cost analysis, you will improve the quality and reliability of your data. With the new seamless integration, your project controls team will no longer need to worry about fiddling with manual export/import to get your data mapped correctly – eliminating the chance of errors.

Note: Integration with other Enterprise Accounting software is also available.