This year’s Project Controls Expo showcased a range of new platforms and technologies that are sure to influence projects and the way in which we assess performance in years to come.
Members of our Project Advisory & Disputes team were delighted to spend time with developers, engineers and project owners discussing the potential of the evolving data and controls environment, and noted several interesting trends:
- Controls tools are evolving rapidly and there are marked changes in the software, demonstrated the Expo, from that of 2023. We are likely still witnessing only the beginning of what’s possible through the intelligent application of AI to big data in the project delivery environment.
- Implementing AI in a way that adds value is a complex challenge and requires much more nuance that simply layering technology on top of existing processes. Getting the best from the technology requires that organisations consider how the data feeding their tools is acquired, moderated, processed and stored. It is as vital to be informed and confident in the data feeding any model, as the accurate processing and presentation of that data.
- As consultants and advisors, we have to anticipate a changing landscape in project data, including how clients, investors and project teams make decisions in a data-rich environment. Where will we find the balance between information and understanding when it comes to assessing forecasts, decisions and project performance. And how can the same platforms help consultants to work faster and more effectively to deal with complex investigations.
- We must not underestimate the cultural challenges to get the best from these technologies. It is natural that those whose roles will change with the advent of AI-enabled project management and controls may hesitate to adopt and trust such platforms, but it is vital for organisations to adapt their processes and workflows to make best use of both their people and their platforms if the full benefits of new technology are to be secured.
- For this reason, investment in technology likely also requires investment in teams, upskilling experienced controls experts, nurturing talent, and developing in-house capability to use, interpret and apply the efficiency and insight that AI can offer.
Commenting on the conference, our director Dan Hostein said: “The Project Controls Expo provided a great opportunity to reconnect with former colleagues and engage with industry experts. The event offered valuable insights into emerging trends in project controls, explored technological innovations, and discussed practical applications of project management techniques. A personal highlight for me was the series of talks on the use of AI in mega projects, which I found particularly relevant to the future of our work as what these projects do today will be the evidence we get to work with tomorrow.”
Insights from Calum Mackenzie (Manager) & Zorie Todorova (Analyst)