The Executive View of Portfolio and Project Performance
Hexagon PPM is a guest speaker at the upcoming Project Controls Expo on November 13 in London, England. GetSmart! Blog met with Martin van Vliet, VP Business Development EcoSys EMIA at Hexagon PPM to talk about the event and the latest developments in project performance.
Hi Martin! You will be presenting during the upcoming Project Controls Expo. Could you give us a little sneak peek to your presentation?
Sure, here is a short teaser about what I am going to discuss with the audience in London: we will share some industry trends published by McKinsey, PwC and PMI and see how these trends are impacting the construction industry. Furthermore, we will have a look at what are the desired business outcomes to support customer success and the ways to measure this. Emphasis will be placed on how to achieve stronger financial returns and identify key performance indicators to measure how an organization is progressing toward these goals. We will also review how greater project predictability becomes a powerful resource for executives to align incentives with desired performance-building behaviors.
Why does Project Predictability matter?
Project predictability can be simply defined as how early in a project the outcome is known. For years, the construction and engineering industry has struggled with low predictability. Construction Industry Institute (CII) research found that on average, forecast variance reporting starts at 65 percent of project duration. When forecasts increase very late in the project, management is left with little or no time to implement corrective actions. Yet, the industry is still focused primarily on final outcome variance, with little regard for how early in the project the outcome becomes known.
What are you most looking forward to during the conference?
I am looking forward to meeting our peers in Project Controls and Project Management to have valuable discussions about the future of our profession, and how we can support the industry in the journey towards Digital Transformation.
Where can visitors find you during the Project Controls Expo?
My session T4 about ‘The Executive View of Portfolio and Project Performance: Business and Financial Outcomes, KPIs and Predictability’ will be presented at the Technology Zone at the Champions Suite between 13:15 PM – 13:55 PM.
The EcoSys team will be available during the day at stand 15 to show you how to increase your predictability and increase your projects performance with EcoSys.
We look forward to seeing you there!