Earlier this month, I joined Oracle colleagues and 1,500 or so fellow project delivery professionals at the Project Controls Expo in London, where attendees were looking to find inspiration and ideas from peers – and to capture those nuggets of wisdom that could make a difference at their own organisations.
It was great to see so many old friends and meet new ones to discuss what the future of project delivery will look like, our vision at Oracle Construction and Engineering (or as many of you still know it, Primavera), and how we are working together with customers to innovate and continue to drive greater productivity and improve project outcomes generally.
Throughout the discussions at the Project Controls Expo, several themes were apparent: transformation, digitisation, supply chain collaboration, and embracing current best practices. This sat nicely with my own presentation, in which I explored how technology can be an engine for transformation and generate significant efficiencies in project delivery. Indeed, a McKinsey report I discussed in a recent post found that a comprehensive and efficient application of current technologies could reduce total project costs by more than 20 percent.
In terms of digitisation efforts, we have found that the key to driving real transformation in capital asset lifecycle management is embracing an approach that encompasses these key areas:
In discussions with numerous organisations at the event, it was clear that these areas resonated, and many are already on a journey to transform project delivery using this foundation.
Should you want to learn more, my entire presentation from the Project Controls Expo is available to watch on demand. And be sure to read our other post from the expo, in which a colleague explores the innovative project management methodology embraced by the UK Infrastructure and Projects Authority, as well as the great work being done by the Los Angeles County Metropolitan Transportation Authority to prepare that city to host the Olympic Games. Finally, you can visit us at Oracle Construction and Engineering to explore how we are helping organisations plot their own course into the future of projects.