Project Management

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GUEST OBSERVATION
Project managers are expected to effectively manage large and complex projects or programmes, but it is widely recognised that these large-scale projects are not always delivered as planned.
In liaison with the client, project managers commit to delivering the defined scope, within a forecast time and to a designated budget.
Despite the unavoidable optimism bias of project managers, in which we hear “not my projects, my projects are different”, the statistics around project delivery tell us majority of projects face budget overruns and delays. Nine out of 10 projects go over budget, with time overruns also being a major issue. It is true that some projects are delivered successfully, although the odds are not in favour of large-scale projects.
How do other industries get it right?
In other industries, such as the medical field, consistent developments and advances are made to its technology, and due to these advancements, medical outcomes are vastly improved as time goes on. Unfortunately, the same cannot be said for project delivery. Statistically we are just not getting much better, and that means that what we as projects managers have been doing up until now is not working effectively enough.
When surgeons prepare for a surgery there are fundamentals to be undertaken, such as effective testing, accurate diagnoses, precise anaesthetic, high levels of cleanliness and controlled recovery. The meticulous steps are taken so that innovative medical interventions can be made safely and effectively.
The project management industry needs to raise the bar
Current project management systems lack the big innovative methods that make a stepped difference. It seems project management has become static, and we need to move beyond the focus on more methodologies, more systems, more detail, more reporting and essentially, more work. The world is on the verge of a massive technological and social shift due to advancements in artificial intelligence, machine learning, increased connectivity, big data and the like. These changes provide project management, and professional service industries in general, with huge opportunity but also major risk.
Those who don’t move with technology will be left behind
Our profession must reposition its thinking and to step away from the heavy investment project management has in the status quo. We are going to have to experiment, and unfortunately we are not afforded the benefits of lab mice the way that medical scientists are. 
Socio-technical change is upon us and our profession must maintain but move beyond the past paradigm of disciplined project planning, management and reporting that has long been the dominant underlying philosophy.
Endeavour Programme is implementing technology advancements
<a href="https://www.endeavourprogramme.com/">Endeavour Programme</a> is applying artificial intelligence, data analytics and related technologies to assist project managers in delivering projects effectively and efficiently.
Alongside senior academics from the University of Oxford, Endeavour Programme has developed Octant AI, which uses machine learning and advanced data analytics to change the way projects respond to emergent risks and opportunities. It is the solution to human limitations and can dynamically predict critical factors and find better ways to avoid problems and manage issues. It delivers insights earlier, faster and more accurately than has ever been possible, so that project managers, owners, deliverers and financiers can make the right decision at the right time.
Endeavour Programme continues to partner with global firms to implement more effective and efficient project management practices.
DAVID PORTER is the founder and managing director of <a href="https://www.endeavourprogramme.com/" target="_blank">Endeavour Programme</a>
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Future management of large-scale projects: David Porter

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Savills Project Management has received their second accolade in recognition of their project management services on the recently completed 180 Brisbane - the Sustainable Projects award for Queensland at the recent Australian Institute of Project Management (AIPM), 2016 Project Management Achievement Awards (PMAA).
Earlier this year, the team took home the Building Consultancy and Project Management Team of the Year award for the fourth year running, at the 2016 RICS (Royal Institution of Chartered Surveyors) Australian Awards, for their involvement with 180 Brisbane by Daisho.
The PMAA, which this year took place at Brisbane City Hall, recognise, honour and promote outstanding achievements in program and project management.
The Sustainable Projects award shines the light on projects that demonstrate project management excellence in delivering sustainable outcomes from a social, financial and environmental viewpoint, as well as those that have embedded sustainability principles and practices into their project execution processes and organisational culture.
180 Brisbane by Daisho (above) is an iconic PCA A-Grade commercial tower of approximately 59,000sq m of NLA over three levels of retail and 31 levels of office space. The $300 million project is the first in Queensland for Japanese property developer Daisho Co Ltd and also the first commercial high-rise development to be built in Brisbane on spec (without pre-commitments of tenants) since the Global Financial Crisis. 
It is a model example of practical sustainability, being the first commercial project in Queensland to achieve a 6-star GBCA Green Star V3 design rating. It is also targeting, and expected to achieve, a 6-star Green Star As-Built rating and 5.5 NABERS rating.
Multiple sustainability initiatives were incorporated into 180 Brisbane's design, with the building featuring a gas driven Tri-Generation Engine and Absorption Chillers, a diesel driven generator for back-up power, solar power and water heating systems, and grey water and rain water harvesting systems. It also incorporates a public plaza to connect the new tower with the existing commercial tower of 192 Ann Street.
The positive and healthy work environment 180 Brisbane by Daisho presents to its tenants is further supported by its significant end of trip facilities which consist of over 281 bicycle racks including visitors, 402 lockers and 24 showers and change rooms.
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Project Management

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