Chiyoda Corporation Chooses ARES PRISM as Enterprise Project Cost Management Solution

 Chiyoda Corporation Chooses ARES PRISM as Enterprise Project Cost Management
                                   Solution

  PR Newswire

  BURLINGAME, California, Dec. 9, 2013

BURLINGAME, California, Dec. 9, 2013 /PRNewswire/ --ARES Project Management,
LLC, a leading project management solutions provider, today announced that
Chiyoda Corporation, the world-leading engineering company, will standardize
on ARES PRISM for enterprise project controls and cost management across its
operations to help ensure success of their global projects.

Chiyoda has wide-ranging business interests in such fields as energy,
chemicals and petrochemicals, pharmaceuticals, environmental technology,
social infrastructure and industrial facilities.

Chiyoda previously used a range of solutions - including desktop solutions,
spreadsheets and internally developed applications. Consequently, Chiyoda
looked for an improved system to gain a comprehensive view of projects' cost
and visualized the associated risks at the enterprise level.

"Recognizing that we needed a consistent project and portfolio management
environment to improve global operation for competitive advantage in global
EPC market," said Junichi Masukawa, General Manager of IT Management Unit at
Chiyoda Corporation. "In collaboration with Chiyoda System Technologies
Corporation (CST), a PRISM reseller, we were confident that PRISM would best
meet our needs to establish Chiyoda global standard project management
platform to manage all EPC projects in Chiyoda group. Our PRISM is completely
integrated with SAP, our financial management environment, and ability to have
visibility and right decision aligned to corporate management and global
operation." With their site license, Chiyoda and their subsidiaries are
deploying PRISM as their corporate standard for project controls including
budget management, revenue tracking, contract administration, and change
management to enable accurate forecasting and on time project delivery.

"Chiyoda Corporation is a great example of an organization taking steps to
ensure common and effective project controls enterprise-wide," said Michael R.
Jackson, CEO, ARES Project Management, LLC. "This investment demonstrates
Chiyoda's commitment to global excellence. Together, ARES Project
Management, CST and Chiyoda are partnering to ensure a smooth roll-out, which
includes training and custom integration with 3 ^rd party solutions."

About Chiyoda Corporation Chiyoda Corporation is the world-leading engineering
company, has world-ranging business interests in such fields as energy,
chemicals and petrochemicals, pharmaceuticals, environmental technology,
social infrastructure and industrial facilities.Since its founding in 1948,
Chiyoda has built various plants and executed numerous projects in over 40
countries around the world. For more information about Chiyoda Corporation
see: http://www.chiyoda-corp.com/en/index.html

About Chiyoda System Technologies Corporation (CST) Chiyoda System
Technologies Corporation (CST) was established in 2012 by merging Chiyoda
Keiso Co., Ltd. ("CKC") and IT Engineering Limited ("IT&E"). CST provides EPCm
services for electrical and instrumentation facilities, IT business such as
system consulting, development, integration and operation support, and EPCm
services for Mega Solar facilities. CST established a firm position in project
portfolio management solution provider in Japan as IT&E with global project
management expertise, and has over 100 customers in each industry, such as
Engineering and Construction, Oil and Gas, Utility, Government, Manufacturing,
Financial, IT, etc. For more information about Chiyoda System Technologies
see: http://www.cst.chiyoda.co.jp/

ARES Project Management, LLC ARES Project Management, LLC, a subsidiary of
ARES Holding Company, is a world-class provider of integrated project
management solutions. Organizations in more than 50 countries rely on PRISM
to manage the engineering and construction of capital projects to lower cost,
mitigate risk and improve project performance. Our customers include 4 of the
5 top defense agencies, 8 of the top 10 mining companies and countless energy,
oil and gas, aerospace and engineering and construction firms from around the
world. With more than 95% repeat business each year, ARES is a
results-oriented business partner with a drive towards 100% customer
satisfaction. www.aresprism.com



Website: http://www.aresprism.com
Contact: Nicole Stephano, ARES Project Management, LLC, +1 610-662-6145
 
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