AI is already supporting project controls organizations with reporting, scheduling, simulations and risk management activities. But how far can it go? Will project controls organizations soon deploy AI workforces working alongside humans, or even replace human project controls professionals? Where are we on the path to the Agentic Era in Project Controls? What will it take to get there? What unique project controls challenges will require critical human judgment?
Category: Project Controls
What Is the Key to Delivering More Predictable Projects
Some weeks ago IPA published an article called "What Is the Key to Delivering More Predictable Projects", and I finally got around to reading it. Many interesting points are raised in this article, but I wanted to pick on one point in particular: IPA says the industry has robust best practices (FEL, team integration, planning), … Continue reading What Is the Key to Delivering More Predictable Projects
High Speed 2 Report
High Speed 2 is a high-speed railway project that has been under construction in England since 2019, and seems like an exciting project. UK's Department for Transportation hired an external party to review the project, and the report is available here for anyone to read. https://lnkd.in/gZAdikaENot surprisingly, many of the lessons learned are lessons forgotten … Continue reading High Speed 2 Report
Offshore Wind Projects
Still uncertainty tied to this, but one take-away is that if you have an offshore wind project in the works, you better button up the project management and controls activities! What went from "Have construction started" by a certain date to "Have project completed by end of 2027" - or lose the 30% tax credit … Continue reading Offshore Wind Projects
Record Year for Energy Transition Projects
As reported by BloombergNEF (BNEF), it was a record year for low-carbon energy transition investments, totaling $1.1 trillion in 2022 - and for the first time, matching fossil fuel investments. It is worth noting that this includes about 561 billion of energy demand investments - which is primarily electrified transport investments. Nonetheless, this is a … Continue reading Record Year for Energy Transition Projects
Focus On The Trends, Not Precision
Through the years I have been involved in many engagements where we look at how project teams manage the cost and schedules of major projects and portfolios of projects. The clients we work with execute projects ranging from tens of million dollars to tens of billion dollars. Through these engagements I have met professionals that … Continue reading Focus On The Trends, Not Precision
Not Making A Decision Is Also A Decision
Imagine an ad that reads as follows: Help reduce productivity Use resources less effectively Increase costs Not many people would rush to buy this "solution". However, this is exactly the solution chosen by a large number of projects and companies on a daily basis, putting billions of shareholders' capital in jeopardy. Instead of establishing fundamental … Continue reading Not Making A Decision Is Also A Decision
First Change Your Processes, not Your People
Iris Bohnet is the Director of Women and Public Policy Program at the Harvard Kennedy School and cochairs its Behavioral Insights Group. She was recently interviewed by Harvard Business Review, where she made the point shown above in connection with diversity training. She contends that rather than running more workshops or try to eradicate the … Continue reading First Change Your Processes, not Your People
Is Your Project Controls Organization Data-Driven?
DJ Patil, U.S. Chief Data Scientist, defines a data-driven government as a “connected organization that responsibly gathers, processes, leverages, and releases data in a timely fashion to enable transparency, create efficiencies, ensure security, and foster innovation to benefit the nation.” Since data is at the core of every project controls organization, can we apply elements … Continue reading Is Your Project Controls Organization Data-Driven?
Vik Bulletin 