Global industry experts, Paul Chapman from the University of Oxford, Crawford Patterson from Mace and Chris Perkins from Fluor, discuss opportunities within the AEC industry and share industry standards and best practices to meet project budgets through the effective implementation of collaborative project controls.
4. Today’s panelists
Paul Chapman
Senior Fellow
Saïd Business School,
University of Oxford
Chris Perkins
Project Manager
Fluor
Crawford Patterson
Operations Director
Mace
5. Today’s panelists
Paul Chapman
Senior Fellow
Saïd Business School,
University of Oxford
Chris Perkins
Project Manager
Fluor
Crawford Patterson
Operations Director
Mace
6. Why are project controls so
important for the AEC industry?
• Opportunity - A 1% reduction in costs would save
the construction industry approximately $100 USD
billion annually – McKinsey
• Growth - Volume of construction output will grow
by 85% to $15.5 trillion worldwide by 2030 – PwC
• Productivity – value added per worker is 1.7x
higher in the Manufacturing industry than in
Construction and Engineering
7. • Knowing what decisions have to be made
• Having the most accurate, complete and up to date information to make decisions
• Ensuring that information is accessible to the decision makers at any time
• Ability to simulate scenarios to further improve decision making
• Having one version of the truth
• Receiving proactive alerts to potential issues for early intervention
• Prioritizing what needs to be done to have the biggest project impact
• Accurately answering the question, “So, how are we doing folks?”
What comes from the intersection between
governance and project controls?
Data
Improved Project
Performance
Decision Making
8. • There is an abundance of data
• How do we use it?
• How do we make it relevant?
• Which data is important / where do we focus?
• Machine learning helps highlight relevant trends in large data sets
• Know the likelihood of successful project delivery at every point in time
• Know what the project needs to succeed
How are project controls impacted by big data and
machine learning?
9. • Automation frees project team members to do more
value-added work
• Systems help eliminate human error in administration
leading to fewer errors and less rework
• Constant visibility into project status highlights
potential issues for early resolution
• Tracking performance by project phase and discipline
lets management set realistic goals and implement
changes to achieve them
How can project controls systems lead to more predictable
project outcomes around budget and schedule?
10. Today’s panelists
Paul Chapman
Senior Fellow
Saïd Business School,
University of Oxford
Chris Perkins
Project Management
Fluor
Crawford Patterson
Operations Director
Mace
11. How do you feel about the level of
digitization in the AEC industry?
• Most projects use some technology
• There are many solutions available
• Systems must work together
• Focus on cross-discipline and cross-organization
workflow and collaboration is key
• Need to identify high value opportunities on a
project
• Essential to have access to data and associated
project impacts when you need it
12. • Easy visibility into project status
• Ability to see cost and schedule
impacts of proposed scope changes
• Compiling all project data to analyze
and use to make better decisions
How can project controls improve
project performance?
13. • Need to find the system that fits your needs
• The most robust system is useless if people don’t use it
• Excel is easy to use, but creates challenges itself
• Systems should benefit both the project and the
individuals
What about the tradeoffs between
ease of system use and functionality?
14. • Track Key Performance Indicators to provide insight into where
challenges exist
• Leverage historical data to learn and predict outcomes
• Don’t fit the tool to the current process, but evaluate if the
tool can provide more insight or optimize the process
• Understand how processes work and interrelate to each
discipline and organization
How have project controls solutions helped Fluor
achieve predictable budget and schedule outcomes?
15. Today’s panelists
Paul Chapman
Senior Fellow
Saïd Business School,
University of Oxford
Chris Perkins
Project Management
Fluor
Crawford Patterson
Operations Director
Mace
16. How can technology improve project control
and performance?
• Automate
• Capture
• Process
• Analyze
• Report
• Succeed
Change
Request
Capture Process Analyze Report
17. How do you standardize across projects?
Specific Project Configuration
• Fast setup from pre-configured templates
• Local, multi-lingual implementation teams
• Unlimited training & support for all participants
Business Unit & Model Flexibility
• Configurable platform supports BU needs
• Supports full project lifecycle with flexibility for
DBB, DB, EPC, JVs, PPPs, etc.
Defined Enterprise Standards
• Standard workflows, terminology,
document & mail classification
• Project and enterprise level reporting and
insights drive continuous improvement
• Risk mitigation by corporate-wide best
practice implementation
• Project specific needs
• Project type standards
• Company-wide standards
18. Creating the optimal mix of systems
• Configurability
• Compatibility
• Open yet secure
• Avoidance of double entry
• Provides the full project picture
• Mobile data capture
• Preservation of system data
19. • Project wide accessibility
• Flexibility and configurability
• Reporting
• Usability
What capabilities do you look for in a project controls
system to achieve predictable budget and schedule outcomes?
20. Field
Inspections
Connecting teams project-wide
OperateConstructDesignBidPlan
Document
Control
RFIs &
Change Orders
Bidding &
Tenders
Workflows &
Approvals
BIM
Collaboration
Submittals Handover to
Operations
Cost
Management
Dashboards
& Reporting
In projects executed
on the platform
$1+
trillion
Documents managed
with complete auditability
1.2+
billion
User organizations
Interfacing efficiently
60+
thousand
21. Every project member on a connected
platform with a single view
Project-wide Collaboration
Line-of-sight into issues
Early Warnings & Predictive Insights
Unified project controls for a single
view of project performance
Integrated Project Controls
Connected Cost: Measure performance with confidence
A modern collaborative project controls solution integrating cost, schedule, contracts & project information portfolio-wide.
23. CONFIDENTIAL | 23
Leading organizations are seeing the results of digitization
Significant cost savings and productivity gains from automating key project processes
$5M
in labor savings
over 4 years
75%
reduction in design
review cycle times
80%
reduction in change
request cycles times
C$798K
projected savings from doc
control costs over next 5 years
50%
Decreases in RFI
turnaround times
$10K/mo.
From reducing time to import
handover information
66%
reduction in document
control staffing costs
75%
reduction in report
generation
80%
improvement in bid
processing efficiency
24. Q&A with our panelists
Paul Chapman
Senior Fellow
Saïd Business School,
University of Oxford
Chris Perkins
Project Management
Fluor
Crawford Patterson
Operations Director
Mace
25. Our thanks to the University of Oxford, Fluor and Mace
and to you for attending
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