In the fast-paced world of commercial real estate (CRE) operations, efficient CapEx project management is crucial. Enter Prism Projects, powered by Building Engines – a game-changing solution designed to streamline CapEx and sustainability projects for property teams.
Addressing key challenges in CapEx project management
Prism Projects isn’t just another software solution – it’s a direct response to the real-world challenges faced by CRE professionals today:
- Fragmented information: In many CRE operations, project data is scattered across multiple spreadsheets and applications. Prism Projects consolidates all project information into one centralized platform, eliminating the risk of data silos and miscommunication.
- Scale and complexity: CRE teams often juggle projects ranging from single-building renovations to portfolio-wide sustainability initiatives. Prism Projects is designed to handle this diversity, allowing teams to manage projects of any size or complexity within the same system.
- Financial control: Budget overruns can significantly impact CRE operations. Prism Projects’ integration with accounting systems and detailed budget tracking features provide unprecedented financial control, helping teams deliver projects on-budget.
- Visibility and reporting: Without proper tools, it’s challenging to get a clear overview of project status across a portfolio. Prism Projects’ configurable dashboards and detailed reports provide the visibility needed to spot issues early and keep stakeholders informed.
- Team coordination: CRE projects often involve multiple stakeholders and vendors. Prism Projects’ centralized document access and dynamic scheduling features ensure everyone is on the same page, reducing delays and miscommunications.
- Compliance and auditing: With increasing focus on sustainability and regulatory compliance, CRE teams need better ways to track and report on their initiatives. Prism Projects’ comprehensive tracking and reporting capabilities make it easier to demonstrate compliance and track sustainability efforts.
By addressing these real-world challenges, Prism Projects is not just streamlining operations – it’s transforming how CRE teams approach CapEx project management, leading to better outcomes, reduced risks, and improved bottom lines.
“By implementing Prism Projects, it allows me to free up my time to more efficiently track projects so I can focus my time on other things that need my attention.” -Swan Anderson, Retail Operations Manager, JLL
Say goodbye to spreadsheets
Prism Projects eliminates the need for scattered spreadsheets and one-off applications. It’s a platform purpose-built for commercial buildings, allowing property teams to manage everything from elevator upgrades to EV charger installations in one centralized system.
Seamless integration and scalability
Whether you’re renovating a lobby or implementing a portfolio-wide sustainability program, Prism Projects scales to meet your needs. It effortlessly converts work orders, vendor bids, and other tasks into comprehensive CapEx and sustainability initiatives. The platform also integrates smoothly with in-house systems, ensuring data accuracy and consistency.
Actionable insights at your fingertips
Configurable dashboards provide a clear view of project status, helping teams identify at-risk projects quickly. New project completion and budget reports offer valuable insights to keep initiatives on track. With Prism Projects, you’re always informed and in control.
Precision budgeting and financial tracking
Prism Projects takes the headache out of financial management. Its budgeting tools sync with your accounting system, allowing for seamless project finance code integration, easy reporting, and accurate payments. Teams can add and update approved budgets, with all changes tracked for auditing purposes. Comprehensive cost breakdowns and variance monitoring ensure projects stay within budget.
Organized teams, on-track projects
The module’s user-friendly features for scheduling, file management, and project tagging keep teams organized and projects moving forward. Dynamic project schedules automatically adjust when timelines change, while centralized document access ensures everyone has the latest information at their fingertips.
“Prism Projects gives a simple overview of where everything’s at. The dashboard adds value instead of an Excel spreadsheet.” -Swan Anderson, Retail Operations Manager, JLL
Transform your CapEx project management
Prism Projects is more than just software – it’s a transformative tool for CRE operations. By centralizing project management, enhancing visibility, and improving financial control, it empowers property teams to deliver results efficiently and effectively.
Ready to revolutionize your project management approach? Learn more about how Prism Projects can transform operations for your buildings and portfolios by requesting a demo today.
