Case Study
SIS — Improving Cost Projection and Earned Value Management
About SIS
This case study explores how Scheduling and Information Services (SIS) utilized ARES PRISM to improve cost projection and earned value management on large multi-building, multi-contractor projects. Through the implementation of ARES PRISM, SIS has experienced enhanced accuracy of monthly spend forecast, doubled productivity on the program, and saved half of a full-time equivalent (FTE) each month.
Industry
Engineering & Construction
Company size
25+
Headquarters
Stevenson, WA
Founded
2004
Challenges
- Program schedules were not cost-loaded or resource-loaded
- Tracking projects with Excel spreadsheets led to minimal schedule correlation
- Program-wide inconsistent WBS/cost account structure
Solution
Implement Project Controls Software that:
- Integrates with Primavera P6
- Provides Earned Value Management (EVM)
- Improves cost projections and monthly and annual spend forecasts
Results
- Improved accuracy of monthly spend forecast from ~15% to ~4%
- Doubled productivity on $1B+ program
- Saved half of a full-time equivalent (FTE) each month
Want to Learn More?
” With Contruent Enterprise, project managers can use their own coding structure and still report information to other stakeholders (like the owner) per their coding requirements. The team at SIS found this highly preferable to MS Excel where formulas can get corrupted, changed, or applied inconsistently.”
