Cost Management

Integrating Cost & Schedule with a Robust

Cost Management Tool
PRISM Cost Management With ARES PRISM Cost Management software, it has never been easier to integrate
project schedules and cost estimates to develop time-phased budgets and forecasts, and
Benefits to measure project performance and productivity using cost, hour, and quantity control
elements.
 Save time and money with
complete project cost control The PRISM Cost module is the heart of the ARES PRISM software suite providing
a comprehensive methodology for managing cost and performance information on
 Eliminate spreadsheets and any size project. It supports all required project cost processes including: budgeting,
gain confidence in data resource planning, time-phasing, progress and performance measurement, earned value
management, cost and schedule analysis, change management, risk tracking, funds
 Reduce project risks by allocation, forecasting and reporting.
aligning cost and schedule
 Create unlimited control
accounts to manage project
data at the level of detail
desired by user
 Establish time-phased
budgets to represent cash
flow plans for projects
 Use enterprise reporting for
enterprise cash flow analysis
 Measure performance and
productivity using cost, hour,
and quantity control elements
 Plan and forecast resources
by reporting period
Create unlimited control accounts to manage project data at the level of detail desired by
 Out-of-the-box standard the user. Establish time-phased budgets to represent cash flow plans for projects while
reports at your fingertips creating and managing workflows.

With PRISM Cost, plan and forecast resources by reporting period. Enterprise reporting
periods can be used for enterprise cash flow analysis and implementation of change
management processes to maintain control of scope and cost.

+1 925-322-8899 prisminfo@aresprism.com www.aresprism.com

 Cost Management

Benefits of EVMS Earned Value Management with ARES PRISM

1. Single management control
ARES PRISM enterprise EVM software is an Earned Value Management System (EVMS)
system that provides
that helps organization’s find variances in projects based upon the comparison of worked
reliable data performed and work planned. Earned Value Management (EVM) is a project management
2. Integrates work, schedule, technique for measuring project performance. ARES PRISM is a tool that can help
and cost into a work organizations better manage their project with earned value management principles and
breakdown structure conforms to ANSI EIA-748 standards.

3. Practical comparative analysis Planned = $500K : Data Date

via the associated database of Actual = $400K
Earned = $300K
completed projects 1300
Estimate at Completion (EAC)
1300

1200 Probable Cost 1200

4. Intervene and make corrections Overrun
= $300K
early - the cumulative Cost 1000 1000
Performance Index (CPI) and Budget at Completion (BAC)

Current Completion Date

the Schedule Performance

Target Completion Date

800 800
Index (SPI) act as early warning
In $1,000s

signals for project risks

600 600

5. CPI is a predictor of the final

cost of the project 400
Schedule Variance ($)
- $200K
400
Cost Variance - $100K
6. EVMS uses an index-based
Schedule
method to forecast the final 200
Variance (Time)
200

cost of the project Planned - 4 wks

Actual
7. “To-complete” performance Earned
index allows evaluation of the
forecasted final cost
8. Periodic (e.g., weekly or
monthly) CPI is a benchmark
9. Management by exception
principle can reduce
information overload
10. Helps organizations conform
to the ANSI EIA-748 earned
value standard
1 2 3 4 5 6 7 8 9 10 11
Months Probable Schedule Delay = 4 weeks
EVMS at its Best
ARES PRISM utilizes earned value Cost, Accounting and Schedule Integration (CASI) as
a means to efficiently manage and control strategic projects. By establishing a control
account and a work breakdown structure (WBS), PRISM is able to measure project
performance measurements in regards to the current period, past performance via historical
data and future performance measurement via critical path and earned value methods
thanks to their remarkable predictive capabilities. Take advantage of the ARES PRISM
cost management module on your portfolio of projects for cost and schedule integration,
change management, performance measurement, and earned value management.

+1 925-322-8899 prisminfo@aresprism.com www.aresprism.com