My work is on the confluence of mega projects, human psychology, and technology. Particularly in how big capital projects can increase their speed to market and total lifetime value by combining human expertise with Artificial Intelligence and Big Data technologies.
#AI
Planning gone awry! 😅
As today's major projects become increasingly complex, even experienced project planners need help staying a step ahead of unexpected setbacks and delays. https://t.co/SYu33hlT58
#planning#scheduling#projectmanagement#projects#megaprojects
Around 78% of commercial construction projects are delayed and/or over budget (IDC 2022).
The cause? In many cases, a mismanaged project schedule.
Good news is that schedules also hold the solution! #schedule#projectmanagement#construction#megaprojects#ai
You probably don't need to worry about spilled coffee, but small oversights really do compound into critical issues during megaproject construction. #coffee ☕
Identify and overcome risks before they develop into major problems: https://t.co/SYu33hlT58
(E. Flake)
#construction
Our client, a public cloud provider, used @ForesightWorks to build data centers faster, meet delivery targets, and avoid daily costs of $1.4M. With Foresight, they achieved a 10% increase in delivery speed. Download the case study to learn more!
#datacenter#cloud#megaprojects
RailCo completed 80%+ of a $10B+ rail project, used Foresight to address overruns. Results: 30X faster reporting, 99% less time for delay plan, manual hours, and errors, plus 99% faster report turnaround to 50+ contractors.
Learn more: https://t.co/0IW5uNYNNs
#rail#megaprojects
Estimated cost of infrastructure megaprojects currently under construction globally (in billion U.S. dollars). However, data shows that most of these projects will face delays of up to 20 months, with an average cost overrun of 40%. https://t.co/q2Y3aYnYvY
#megaprojects
The Inland Rail project was initially announced in 2015 with a projected completion date of 2020 and an estimated cost of $10.7 billion. 8 years later, budget has increased 3x, with an estimated completion date of 2031. Clear example of insufficient planning and skillsets!!
If they had used AI scheduling software @ForesightWorks they would have reduced project duration by up to 10% and generate a return on investment (ROI) of 10-20 times after saving just one day. Learn more: https://t.co/N6O4xNFbD1
Source: https://t.co/VWI4RNhJTP
In an @UniofOxford study — with my collaboration — we found that construction projects of large dams experience delays huge delays. Causing both cost overruns and diminished benefits.
Read more here: https://t.co/6QqojNabZZ
#ai#projectmanagement#megaprojects#majorprojects
F - Facilitate investment in leadership and team
G - Generate and maintain an agile delivery strategy that is regularly tested Full report: https://t.co/rTsH2EUcLp
The key DfT sponsorship themes they shared are:
A - Accountability must be unambiguous
B - Behaviours matter more than process
C - Control schedule and benefits as well as cost
D - Deal with systems integration
E - Enter service cautiously