acumen7 members were joined by Martin Paver of Projecting Success at the October meeting. Martin explained that as projects progress through their life cycle, they create a huge exhaust plume of data. This data contains insights on a range of topics, including predisposition of a project to variance, duration estimates, cost estimates, risk, compensation events and logistics.
When a project concludes, this data is either archived or deleted, yet it has the potential to disrupt how we deliver. There is an opportunity to move project delivery beyond a process heavy, bureaucratic process to one centred around automation and using data to pre-empt emerging challenges.
Projecting Success can reduce tail risk and outliers, whilst also reducing cost and improving delivery confidence. They have created a community of 4,000 people, developing 2 data trusts and are building a range of associated initiatives.
To find out more about Projecting Success, visit their website: https://projectingsuccess.co.uk/.