SlideShare a Scribd company logo
1 of 27
WHY DATA MATTERS IN
PROJECTS
WMG Capabilities:
• Over a decade of tailored PM education (PFQ,PPQ,PMQ) for companies
such as Arup, JLR and GE Aviation
• Degree Apprenticeships in Digital Technologies and Data Analytics
Personal Background:
• Founder of the Project Praxis Research Group. Major theme is project
data analytics.
• Work with a wide variety of stakeholders: infrastructure,
manufacturing MNCs, full stack developers, global consultancies, IPA,
APM, MPA
Naomi.Brookes@warwick.ac.uk
Naomi Brookes, Professor of Complex
Programme Management, WMG
• APM Data Advisory Group
• Project Data Analytics Research Network
• Project X Theme C – Data
• BAM Track Events
• Accenture ‘Data-driven Transformation of Capital Projects’ report
• APM ‘Project Data Analytics: The State of the Art and Science’ report
• Predicting projects performance in the context of estimating and
bechmarking using machine leaning
• Delphi Event on Barriers and Enablers of PDA
Ongoing Project Data Analytics Activities
Project data has always been with us ……….
But now we can do different things with it …….
Project Data Analytics:
The Current State of the Art
and Science
• Can show 13% of portfolio value in savings
• The ‘geeks meet business’ divide
• Data Maturity
• Attitudes to data
• Sharing
• GIGO
• Basic Statistical Challenges
• Reference class
• Unbalanced data
• Missing data
• What data do we actually need to make better decisions?
Predictive Project Data Analytics: its worth it … BUT
Courtesy of the Oakland Group
Predicting Time Estimating Capability
Importance Definition
0.3 The total number of projects the owning user of this project
owns
0.17 Location A
0.12 Number of tasks in a project
0.05 Business Unit B
0.04 The number of roles in a project created by a user
0.04 The number of roles in a project
Project Data Maturity Models
Using data can help you make better delivery decisions –
But you need good quality data and the right tools to do this
Naomi.Brookes@warwick.ac.uk
Data driven risk analysis and assurance
Empowering project teams with data-driven, unbiased, and actionable
insights on project outcomes
Project programmes are incredibly
complex...
11
Programmes can have thousands of activities, making
them impossible for humans individuals and teams to
understand.
How can a planner be expected to estimate the duration
uncertainty? How do managers understand these? How
can executives make major investments using this
information?
… And learning from mistakes is extremely challenging…
Plans are built using team
& individual experience
Learning doesn’t
transfer back to the
creator
Unrealistic plans
that lead to poor
outcomes
Because of a long cycle
time from planning to
completion of a project
Which is limited
in availability,
scale and quality
So, we built artificial intelligence that learns how projects were executed
How long will the
project take?
What might go
wrong with it?
What can you do
to reduce risk?
Risk Teams now shift their focus to taking action, rather than data gathering
Speed
of
analysis
Objectivity of inputs
Hours
Weeks
Minutes
Subjective, experience based Objective, data-driven
Do nothing
14
Past data driving change across industries
1
5
https://www.bbc.co.uk/news/business-56164159 https://www.rollingstone.com/music/music-
features/nirvana-kurt-cobain-ai-song-1146444/
www.nplan.io
sebastian@nplan.io | +44 7555 966 202
Sebastian Williams
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Fundamentally, we aspire to leverage the
experience from our portfolio of projects to
improve future project delivery performance.
Driving up delivery productivity and certainty.
Exhaust
plume from
project
delivery
Why Data
Matters
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Where most
organisations are
today
Where we
aspire to be
Driven by:
• Data
• Alignment between data
and our use cases
• Data volumes/quality
• Connections in data
• Relevance/Context
….and much more
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Does the same apply to projects?
People are
predisposed
to illnesses
Some driven
by DNA,
others by
lifestyle
factors.
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Certain projects are
more predisposed to
variance than others.
We know this at a
project level, but what
about WBS, conditions,
team?
Which factors have greatest influence on the variance?
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Every Project Is Different….
…..but at a functional level they
have a high degree of similarity
• Procurement
• Integration
• Design challenges
• Risks
• Delays
• Cost growth
• Compensation events
• Logistic challenges
• Testing/commissioning challenges
• Resourcing/bottlenecks
• Stakeholder management
• Benefits shortfalls
Are there patterns in this data?
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
We move from this To this
Where would you prefer your career to be?
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Hack
Outputs
Predicting loss
making projects
example
“Absolutely over the moon with the results Martin. It gives us a really
good platform to build upon. I hope the challenge participants got as
much from it as I did setting the challenge and the fun I had watching
all the presentations and judging. I'm already thinking towards the
next Hack...
What Projecting Success and this community are achieving is industry
leading and the difference it is making is really starting to get noticed! I
look forward to working with you more closely in the future”.
Head of Business Intelligence & Analytics, Jacobs
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Project:Hack - Activity duration forecasts and confidence levels
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Survey on 14 October 2020: Project Data Analytics Panel Session
Why Data
Matters!
Copyright Projecting Success 2021
www.projectingsuccess.co.uk
12 April 2021
Project Data Academy
Next cohort end May 2021
https://bit.ly/2ZVTwrL
Free* training to prepare yourself
for the next 10+ years
VickyE@projectingsuccess.co.uk
Project Data Analytics
Task Force
https://bit.ly/3nnpDes
Get involved and make a
difference
MARTIN PAVER
Projecting Success
www.projectingsuccess.co.uk
martinpaver@projectingsuccess.co.uk
Why Data Matters - Panel
Naomi Brookes
University of
Warwick
Martin Paver
Projecting Success
Sebastian Williams
nPlan

More Related Content

What's hot

Procuring for agile: thoughts on what good looks like webinar, 23 April 2020
Procuring for agile: thoughts on what good looks like webinar, 23 April 2020Procuring for agile: thoughts on what good looks like webinar, 23 April 2020
Procuring for agile: thoughts on what good looks like webinar, 23 April 2020Association for Project Management
 
Portfolio management perspectives on governance and risk- two big challenges
Portfolio management perspectives on governance and risk-  two big challenges Portfolio management perspectives on governance and risk-  two big challenges
Portfolio management perspectives on governance and risk- two big challenges Association for Project Management
 
Registered Project Professional: What You Need to Know, 6th June 2016
Registered Project Professional: What You Need to Know,  6th June 2016Registered Project Professional: What You Need to Know,  6th June 2016
Registered Project Professional: What You Need to Know, 6th June 2016Association for Project Management
 
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.Wellingtone
 
Equipping Programme Managers for Global Success - The PMO – Organisational gl...
Equipping Programme Managers for Global Success - The PMO – Organisational gl...Equipping Programme Managers for Global Success - The PMO – Organisational gl...
Equipping Programme Managers for Global Success - The PMO – Organisational gl...Association for Project Management
 
Programme management and how to prioritise improvement initiatives
Programme management and how to prioritise improvement initiativesProgramme management and how to prioritise improvement initiatives
Programme management and how to prioritise improvement initiativesSimon Misiewicz
 
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLP
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLPFuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLP
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLPWellingtone
 
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016Association for Project Management
 
Enterprise Architecture Program Management Challenges
Enterprise Architecture Program Management ChallengesEnterprise Architecture Program Management Challenges
Enterprise Architecture Program Management ChallengesNashreen Hofmeester
 
What systems thinking can offer portfolio, programme & project managers, 19 O...
What systems thinking can offer portfolio, programme & project managers, 19 O...What systems thinking can offer portfolio, programme & project managers, 19 O...
What systems thinking can offer portfolio, programme & project managers, 19 O...Association for Project Management
 
From project to portfolio management - how to successfully bridge the gap web...
From project to portfolio management - how to successfully bridge the gap web...From project to portfolio management - how to successfully bridge the gap web...
From project to portfolio management - how to successfully bridge the gap web...Association for Project Management
 

What's hot (20)

Procuring for agile: thoughts on what good looks like webinar, 23 April 2020
Procuring for agile: thoughts on what good looks like webinar, 23 April 2020Procuring for agile: thoughts on what good looks like webinar, 23 April 2020
Procuring for agile: thoughts on what good looks like webinar, 23 April 2020
 
Introducing the Portfolio Management
Introducing the Portfolio Management Introducing the Portfolio Management
Introducing the Portfolio Management
 
Portfolio management perspectives on governance and risk- two big challenges
Portfolio management perspectives on governance and risk-  two big challenges Portfolio management perspectives on governance and risk-  two big challenges
Portfolio management perspectives on governance and risk- two big challenges
 
Registered Project Professional: What You Need to Know, 6th June 2016
Registered Project Professional: What You Need to Know,  6th June 2016Registered Project Professional: What You Need to Know,  6th June 2016
Registered Project Professional: What You Need to Know, 6th June 2016
 
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.
 
OGC gateway process and it's use in Met Office HPC delivery
OGC gateway process and it's use in Met Office HPC deliveryOGC gateway process and it's use in Met Office HPC delivery
OGC gateway process and it's use in Met Office HPC delivery
 
Does the project manager stand a chance?
Does the project manager stand a chance?Does the project manager stand a chance?
Does the project manager stand a chance?
 
The essence of successful programmes webinar
The essence of successful programmes webinarThe essence of successful programmes webinar
The essence of successful programmes webinar
 
Equipping Programme Managers for Global Success - The PMO – Organisational gl...
Equipping Programme Managers for Global Success - The PMO – Organisational gl...Equipping Programme Managers for Global Success - The PMO – Organisational gl...
Equipping Programme Managers for Global Success - The PMO – Organisational gl...
 
Programme management and how to prioritise improvement initiatives
Programme management and how to prioritise improvement initiativesProgramme management and how to prioritise improvement initiatives
Programme management and how to prioritise improvement initiatives
 
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLP
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLPFuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLP
FuturePMO 2017 - Dr Andrew Schuster, PricewaterhouseCoopers LLP
 
Creating an Agile assurance landscape for projects, Adrian Pyne
Creating an Agile assurance landscape for projects, Adrian PyneCreating an Agile assurance landscape for projects, Adrian Pyne
Creating an Agile assurance landscape for projects, Adrian Pyne
 
Complicated project management theory turns people off
Complicated project management theory turns people offComplicated project management theory turns people off
Complicated project management theory turns people off
 
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016
A guide to conducting Integrated Baseline Reviews, Webinar, 24 May 2016
 
Purchase-to-Pay Global Process Owner (P2P GPO)
Purchase-to-Pay Global Process Owner (P2P GPO)Purchase-to-Pay Global Process Owner (P2P GPO)
Purchase-to-Pay Global Process Owner (P2P GPO)
 
Enterprise Architecture Program Management Challenges
Enterprise Architecture Program Management ChallengesEnterprise Architecture Program Management Challenges
Enterprise Architecture Program Management Challenges
 
What systems thinking can offer portfolio, programme & project managers, 19 O...
What systems thinking can offer portfolio, programme & project managers, 19 O...What systems thinking can offer portfolio, programme & project managers, 19 O...
What systems thinking can offer portfolio, programme & project managers, 19 O...
 
From project to portfolio management - how to successfully bridge the gap web...
From project to portfolio management - how to successfully bridge the gap web...From project to portfolio management - how to successfully bridge the gap web...
From project to portfolio management - how to successfully bridge the gap web...
 
APM Presents - Introducing Portfolio Management
APM Presents - Introducing Portfolio ManagementAPM Presents - Introducing Portfolio Management
APM Presents - Introducing Portfolio Management
 
Principles of change management York July 2019
Principles of change management York July 2019Principles of change management York July 2019
Principles of change management York July 2019
 

Similar to Why data matters webinar

Advanced Project Data Analytics for Improved Project Delivery
Advanced Project Data Analytics for Improved Project DeliveryAdvanced Project Data Analytics for Improved Project Delivery
Advanced Project Data Analytics for Improved Project DeliveryMark Constable
 
Cutting through the hype - how to use advanced analytics to do practical thin...
Cutting through the hype - how to use advanced analytics to do practical thin...Cutting through the hype - how to use advanced analytics to do practical thin...
Cutting through the hype - how to use advanced analytics to do practical thin...Association for Project Management
 
Digital project management
Digital project managementDigital project management
Digital project managementHafizaEmanFatima
 
How can technology helps in overcoming the Project Management Challenges
How can technology helps in overcoming the Project Management Challenges How can technology helps in overcoming the Project Management Challenges
How can technology helps in overcoming the Project Management Challenges Monzer Osama Alchikh WARAK
 
Senior PM with Real World Experience
Senior PM with Real World ExperienceSenior PM with Real World Experience
Senior PM with Real World ExperienceAlecia Chrin
 
The rise of the “gigaproject”
The rise of the “gigaproject”The rise of the “gigaproject”
The rise of the “gigaproject”Aconex
 
Chapter 1(1).pptx
Chapter 1(1).pptxChapter 1(1).pptx
Chapter 1(1).pptxmegzgreat
 
Selling PPM to your Executives
Selling PPM to your ExecutivesSelling PPM to your Executives
Selling PPM to your ExecutivesMicrosoft
 
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...The People Model & Cloud Transformation - Transformation Day Public Sector Lo...
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...Amazon Web Services
 
Analyzing data, performance and impacts in construction
Analyzing data, performance and impacts in constructionAnalyzing data, performance and impacts in construction
Analyzing data, performance and impacts in constructionMichael Pink
 
Breaking the Project Failure Cycle
Breaking the Project Failure CycleBreaking the Project Failure Cycle
Breaking the Project Failure CycleGlen Alleman
 
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a ServiceAthens Big Data
 
Building more value with Capital Markets – Project Owner edition
Building more value with Capital Markets – Project Owner editionBuilding more value with Capital Markets – Project Owner edition
Building more value with Capital Markets – Project Owner editionaccenture
 
Project Management Framework
Project Management FrameworkProject Management Framework
Project Management FrameworkRahul Sudame
 
Mega project not mega problems session 2
Mega project not mega problems session 2Mega project not mega problems session 2
Mega project not mega problems session 2Aconex
 
Software Project Estimation
Software Project EstimationSoftware Project Estimation
Software Project EstimationFrank Vogelezang
 
2014 DeltaV life sciences booth at emerson exchange
2014 DeltaV life sciences booth at emerson exchange2014 DeltaV life sciences booth at emerson exchange
2014 DeltaV life sciences booth at emerson exchangeK. David McKee
 
Rajib paul resume
Rajib paul   resumeRajib paul   resume
Rajib paul resumeRajib Paul
 
Rajib paul Resume
Rajib paul   ResumeRajib paul   Resume
Rajib paul ResumeRajib Paul
 

Similar to Why data matters webinar (20)

Advanced Project Data Analytics for Improved Project Delivery
Advanced Project Data Analytics for Improved Project DeliveryAdvanced Project Data Analytics for Improved Project Delivery
Advanced Project Data Analytics for Improved Project Delivery
 
Cutting through the hype - how to use advanced analytics to do practical thin...
Cutting through the hype - how to use advanced analytics to do practical thin...Cutting through the hype - how to use advanced analytics to do practical thin...
Cutting through the hype - how to use advanced analytics to do practical thin...
 
Digital project management
Digital project managementDigital project management
Digital project management
 
How can technology helps in overcoming the Project Management Challenges
How can technology helps in overcoming the Project Management Challenges How can technology helps in overcoming the Project Management Challenges
How can technology helps in overcoming the Project Management Challenges
 
Senior PM with Real World Experience
Senior PM with Real World ExperienceSenior PM with Real World Experience
Senior PM with Real World Experience
 
The rise of the “gigaproject”
The rise of the “gigaproject”The rise of the “gigaproject”
The rise of the “gigaproject”
 
Chapter 1(1).pptx
Chapter 1(1).pptxChapter 1(1).pptx
Chapter 1(1).pptx
 
Selling PPM to your Executives
Selling PPM to your ExecutivesSelling PPM to your Executives
Selling PPM to your Executives
 
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...The People Model & Cloud Transformation - Transformation Day Public Sector Lo...
The People Model & Cloud Transformation - Transformation Day Public Sector Lo...
 
Analyzing data, performance and impacts in construction
Analyzing data, performance and impacts in constructionAnalyzing data, performance and impacts in construction
Analyzing data, performance and impacts in construction
 
Breaking the Project Failure Cycle
Breaking the Project Failure CycleBreaking the Project Failure Cycle
Breaking the Project Failure Cycle
 
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service
18th Athens Big Data Meetup - 1st Talk - Timeseries Forecasting as a Service
 
Building more value with Capital Markets – Project Owner edition
Building more value with Capital Markets – Project Owner editionBuilding more value with Capital Markets – Project Owner edition
Building more value with Capital Markets – Project Owner edition
 
Project Management Framework
Project Management FrameworkProject Management Framework
Project Management Framework
 
Mega project not mega problems session 2
Mega project not mega problems session 2Mega project not mega problems session 2
Mega project not mega problems session 2
 
Sivaprasad_resume
Sivaprasad_resumeSivaprasad_resume
Sivaprasad_resume
 
Software Project Estimation
Software Project EstimationSoftware Project Estimation
Software Project Estimation
 
2014 DeltaV life sciences booth at emerson exchange
2014 DeltaV life sciences booth at emerson exchange2014 DeltaV life sciences booth at emerson exchange
2014 DeltaV life sciences booth at emerson exchange
 
Rajib paul resume
Rajib paul   resumeRajib paul   resume
Rajib paul resume
 
Rajib paul Resume
Rajib paul   ResumeRajib paul   Resume
Rajib paul Resume
 

More from Association for Project Management

Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Association for Project Management
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 
Projecting for the Future: Harmonising Energy and Environment, APM North West...
Projecting for the Future: Harmonising Energy and Environment, APM North West...Projecting for the Future: Harmonising Energy and Environment, APM North West...
Projecting for the Future: Harmonising Energy and Environment, APM North West...Association for Project Management
 
New to Nuclear - Transition into nuclear from other sectors, APM North West N...
New to Nuclear - Transition into nuclear from other sectors, APM North West N...New to Nuclear - Transition into nuclear from other sectors, APM North West N...
New to Nuclear - Transition into nuclear from other sectors, APM North West N...Association for Project Management
 
Tell us what to do, not how to do it, APM North West Network Conference, Syne...
Tell us what to do, not how to do it, APM North West Network Conference, Syne...Tell us what to do, not how to do it, APM North West Network Conference, Syne...
Tell us what to do, not how to do it, APM North West Network Conference, Syne...Association for Project Management
 
The Future is Fractional, APM North West Network Conference, Synergies Across...
The Future is Fractional, APM North West Network Conference, Synergies Across...The Future is Fractional, APM North West Network Conference, Synergies Across...
The Future is Fractional, APM North West Network Conference, Synergies Across...Association for Project Management
 
Lessons learned across projects, APM North West Network Conference, Synergies...
Lessons learned across projects, APM North West Network Conference, Synergies...Lessons learned across projects, APM North West Network Conference, Synergies...
Lessons learned across projects, APM North West Network Conference, Synergies...Association for Project Management
 
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...Association for Project Management
 
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...Association for Project Management
 
Leadership - the project professionals secret weapon, 24 April 2024
Leadership - the project professionals secret weapon, 24 April 2024Leadership - the project professionals secret weapon, 24 April 2024
Leadership - the project professionals secret weapon, 24 April 2024Association for Project Management
 
APM Project Management Awards - Hints and tips for a winning award entry webi...
APM Project Management Awards - Hints and tips for a winning award entry webi...APM Project Management Awards - Hints and tips for a winning award entry webi...
APM Project Management Awards - Hints and tips for a winning award entry webi...Association for Project Management
 
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024Association for Project Management
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Association for Project Management
 
AI in the project profession: examples of current use and roadmaps to adoptio...
AI in the project profession: examples of current use and roadmaps to adoptio...AI in the project profession: examples of current use and roadmaps to adoptio...
AI in the project profession: examples of current use and roadmaps to adoptio...Association for Project Management
 
Scaling New Heights: Project Management on the world’s 3rd highest peak
Scaling New Heights: Project Management on the world’s 3rd highest peakScaling New Heights: Project Management on the world’s 3rd highest peak
Scaling New Heights: Project Management on the world’s 3rd highest peakAssociation for Project Management
 

More from Association for Project Management (20)

Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...Making communications land - Are they received and understood as intended? we...
Making communications land - Are they received and understood as intended? we...
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
Projecting for the Future: Harmonising Energy and Environment, APM North West...
Projecting for the Future: Harmonising Energy and Environment, APM North West...Projecting for the Future: Harmonising Energy and Environment, APM North West...
Projecting for the Future: Harmonising Energy and Environment, APM North West...
 
New to Nuclear - Transition into nuclear from other sectors, APM North West N...
New to Nuclear - Transition into nuclear from other sectors, APM North West N...New to Nuclear - Transition into nuclear from other sectors, APM North West N...
New to Nuclear - Transition into nuclear from other sectors, APM North West N...
 
Tell us what to do, not how to do it, APM North West Network Conference, Syne...
Tell us what to do, not how to do it, APM North West Network Conference, Syne...Tell us what to do, not how to do it, APM North West Network Conference, Syne...
Tell us what to do, not how to do it, APM North West Network Conference, Syne...
 
The Future is Fractional, APM North West Network Conference, Synergies Across...
The Future is Fractional, APM North West Network Conference, Synergies Across...The Future is Fractional, APM North West Network Conference, Synergies Across...
The Future is Fractional, APM North West Network Conference, Synergies Across...
 
Lessons learned across projects, APM North West Network Conference, Synergies...
Lessons learned across projects, APM North West Network Conference, Synergies...Lessons learned across projects, APM North West Network Conference, Synergies...
Lessons learned across projects, APM North West Network Conference, Synergies...
 
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...
Agile Adaptability: Navigating Project Management in a Dynamic World, APM Nor...
 
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...
Inclusive Practices in Project Management: Leveraging Digital Frameworks for ...
 
Leadership - the project professionals secret weapon, 24 April 2024
Leadership - the project professionals secret weapon, 24 April 2024Leadership - the project professionals secret weapon, 24 April 2024
Leadership - the project professionals secret weapon, 24 April 2024
 
APM Project Management Awards - Hints and tips for a winning award entry webi...
APM Project Management Awards - Hints and tips for a winning award entry webi...APM Project Management Awards - Hints and tips for a winning award entry webi...
APM Project Management Awards - Hints and tips for a winning award entry webi...
 
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024
The Vyrnwy Aqueduct Modernisation Programme webinar, 17 April 2024
 
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
Team Lead Succeed – Helping you and your team achieve high-performance teamwo...
 
Staurt Earl - ARCC Programme for APM Awards.pptx
Staurt Earl - ARCC Programme for APM Awards.pptxStaurt Earl - ARCC Programme for APM Awards.pptx
Staurt Earl - ARCC Programme for APM Awards.pptx
 
If AI changes everything – do feelings still matter?
If AI changes everything – do feelings still matter?If AI changes everything – do feelings still matter?
If AI changes everything – do feelings still matter?
 
AI in the project profession: examples of current use and roadmaps to adoptio...
AI in the project profession: examples of current use and roadmaps to adoptio...AI in the project profession: examples of current use and roadmaps to adoptio...
AI in the project profession: examples of current use and roadmaps to adoptio...
 
Katharine Fox, WRAP - Valuing sustainability
Katharine Fox, WRAP - Valuing sustainabilityKatharine Fox, WRAP - Valuing sustainability
Katharine Fox, WRAP - Valuing sustainability
 
The silent project disruptor: Building AI solutions
The silent project disruptor: Building AI solutionsThe silent project disruptor: Building AI solutions
The silent project disruptor: Building AI solutions
 
Personal Resilience in Project Management 2 - TV Edit 1a.pdf
Personal Resilience in Project Management 2 - TV Edit 1a.pdfPersonal Resilience in Project Management 2 - TV Edit 1a.pdf
Personal Resilience in Project Management 2 - TV Edit 1a.pdf
 
Scaling New Heights: Project Management on the world’s 3rd highest peak
Scaling New Heights: Project Management on the world’s 3rd highest peakScaling New Heights: Project Management on the world’s 3rd highest peak
Scaling New Heights: Project Management on the world’s 3rd highest peak
 

Recently uploaded

Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Micromeritics - Fundamental and Derived Properties of Powders
Micromeritics - Fundamental and Derived Properties of PowdersMicromeritics - Fundamental and Derived Properties of Powders
Micromeritics - Fundamental and Derived Properties of PowdersChitralekhaTherkar
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsKarinaGenton
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
MENTAL STATUS EXAMINATION format.docx
MENTAL     STATUS EXAMINATION format.docxMENTAL     STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docxPoojaSen20
 

Recently uploaded (20)

Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
Micromeritics - Fundamental and Derived Properties of Powders
Micromeritics - Fundamental and Derived Properties of PowdersMicromeritics - Fundamental and Derived Properties of Powders
Micromeritics - Fundamental and Derived Properties of Powders
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
MENTAL STATUS EXAMINATION format.docx
MENTAL     STATUS EXAMINATION format.docxMENTAL     STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docx
 

Why data matters webinar

  • 1. WHY DATA MATTERS IN PROJECTS
  • 2. WMG Capabilities: • Over a decade of tailored PM education (PFQ,PPQ,PMQ) for companies such as Arup, JLR and GE Aviation • Degree Apprenticeships in Digital Technologies and Data Analytics Personal Background: • Founder of the Project Praxis Research Group. Major theme is project data analytics. • Work with a wide variety of stakeholders: infrastructure, manufacturing MNCs, full stack developers, global consultancies, IPA, APM, MPA Naomi.Brookes@warwick.ac.uk Naomi Brookes, Professor of Complex Programme Management, WMG
  • 3. • APM Data Advisory Group • Project Data Analytics Research Network • Project X Theme C – Data • BAM Track Events • Accenture ‘Data-driven Transformation of Capital Projects’ report • APM ‘Project Data Analytics: The State of the Art and Science’ report • Predicting projects performance in the context of estimating and bechmarking using machine leaning • Delphi Event on Barriers and Enablers of PDA Ongoing Project Data Analytics Activities
  • 4. Project data has always been with us ………. But now we can do different things with it …….
  • 5. Project Data Analytics: The Current State of the Art and Science
  • 6. • Can show 13% of portfolio value in savings • The ‘geeks meet business’ divide • Data Maturity • Attitudes to data • Sharing • GIGO • Basic Statistical Challenges • Reference class • Unbalanced data • Missing data • What data do we actually need to make better decisions? Predictive Project Data Analytics: its worth it … BUT Courtesy of the Oakland Group
  • 7. Predicting Time Estimating Capability Importance Definition 0.3 The total number of projects the owning user of this project owns 0.17 Location A 0.12 Number of tasks in a project 0.05 Business Unit B 0.04 The number of roles in a project created by a user 0.04 The number of roles in a project
  • 9. Using data can help you make better delivery decisions – But you need good quality data and the right tools to do this Naomi.Brookes@warwick.ac.uk
  • 10. Data driven risk analysis and assurance Empowering project teams with data-driven, unbiased, and actionable insights on project outcomes
  • 11. Project programmes are incredibly complex... 11 Programmes can have thousands of activities, making them impossible for humans individuals and teams to understand. How can a planner be expected to estimate the duration uncertainty? How do managers understand these? How can executives make major investments using this information?
  • 12. … And learning from mistakes is extremely challenging… Plans are built using team & individual experience Learning doesn’t transfer back to the creator Unrealistic plans that lead to poor outcomes Because of a long cycle time from planning to completion of a project Which is limited in availability, scale and quality
  • 13. So, we built artificial intelligence that learns how projects were executed How long will the project take? What might go wrong with it? What can you do to reduce risk?
  • 14. Risk Teams now shift their focus to taking action, rather than data gathering Speed of analysis Objectivity of inputs Hours Weeks Minutes Subjective, experience based Objective, data-driven Do nothing 14
  • 15. Past data driving change across industries 1 5 https://www.bbc.co.uk/news/business-56164159 https://www.rollingstone.com/music/music- features/nirvana-kurt-cobain-ai-song-1146444/
  • 16. www.nplan.io sebastian@nplan.io | +44 7555 966 202 Sebastian Williams
  • 17. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Fundamentally, we aspire to leverage the experience from our portfolio of projects to improve future project delivery performance. Driving up delivery productivity and certainty. Exhaust plume from project delivery Why Data Matters
  • 18. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Where most organisations are today Where we aspire to be Driven by: • Data • Alignment between data and our use cases • Data volumes/quality • Connections in data • Relevance/Context ….and much more
  • 19. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Does the same apply to projects? People are predisposed to illnesses Some driven by DNA, others by lifestyle factors.
  • 20. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Certain projects are more predisposed to variance than others. We know this at a project level, but what about WBS, conditions, team? Which factors have greatest influence on the variance?
  • 21. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Every Project Is Different…. …..but at a functional level they have a high degree of similarity • Procurement • Integration • Design challenges • Risks • Delays • Cost growth • Compensation events • Logistic challenges • Testing/commissioning challenges • Resourcing/bottlenecks • Stakeholder management • Benefits shortfalls Are there patterns in this data?
  • 22. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 We move from this To this Where would you prefer your career to be?
  • 23. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Hack Outputs Predicting loss making projects example “Absolutely over the moon with the results Martin. It gives us a really good platform to build upon. I hope the challenge participants got as much from it as I did setting the challenge and the fun I had watching all the presentations and judging. I'm already thinking towards the next Hack... What Projecting Success and this community are achieving is industry leading and the difference it is making is really starting to get noticed! I look forward to working with you more closely in the future”. Head of Business Intelligence & Analytics, Jacobs
  • 24. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Project:Hack - Activity duration forecasts and confidence levels
  • 25. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Survey on 14 October 2020: Project Data Analytics Panel Session Why Data Matters!
  • 26. Copyright Projecting Success 2021 www.projectingsuccess.co.uk 12 April 2021 Project Data Academy Next cohort end May 2021 https://bit.ly/2ZVTwrL Free* training to prepare yourself for the next 10+ years VickyE@projectingsuccess.co.uk Project Data Analytics Task Force https://bit.ly/3nnpDes Get involved and make a difference MARTIN PAVER Projecting Success www.projectingsuccess.co.uk martinpaver@projectingsuccess.co.uk
  • 27. Why Data Matters - Panel Naomi Brookes University of Warwick Martin Paver Projecting Success Sebastian Williams nPlan