5 PROJECT MANAGEMENT TRENDS REVEALING THE COMPLEXITY OF THE CONSTRUCTION INDUSTRY'S FUTURE BY THE BIG 5

Project management’s pivotal role set to grow more important as construction complexity increases.

Construction projects are becoming more complex, making delivering them on time and to budget much tougher. Project management discipline is evolving to meet these challenges, taking on new methods and exploring how technology can help.

We’ve picked out five trends project managers will have to adapt to, if they want to stay ahead of the industry’s growing complexity.

1. Agile
Agile is a project management method that shows just how influential the technology sector has become. Born out of software development, the Agile approach accepts things change and focuses efforts on finding a way to move a project forward successfully. Its advocates say it is not about being systematic anymore, it’s about being dynamic. Plenty of education will be needed for the new approach to gain acceptance in the industry, but the benefits – saving time and money – could be worth it. According to those who’ve tried it, a crucial step is encouraging all team members to put ideas forward. The result can unleash innovative ideas right at the time when a project needs them most.

2. Digitisation and the road to Construction 4.0
Construction, a bit unfairly, can be accused of lagging behind other industries in adopting new technology. But as margins get smaller, it will take innovative thinking to make a profit from limited project budgets. This could push construction businesses to turn to technology to run projects more efficiently and with less labour.

Making the move to digital technologies will take serious expertise. This is especially true for successful implementation, but there are other risks too. A shift to more digital workflows will expose construction businesses to the cyber security risks currently worrying banks, retailers and social media firms. A good understanding of all the issues will be vital before taking the first steps.

3. Internet of things (IoT) and artificial intelligence (AI) combine
The convergence of the Internet of Things (IoT) and artificial intelligence (AI) in small devices could change the life of a project manager. Project managers need to be prepping for when each piece of equipment on site will report direct to them. Some plug-in tech may be applied to existing assets, others may work with bolt-on solutions. Either way, more data will be heading to project managers soon. If they can analyse it effectively with AI, they’ll cut the capital costs of their company’s asset base. They’ll also bring new levels of precision to the operation of those same assets.

4. Risk management analysis
With improved information from a project site comes the opportunity to make detailed risk assessments and spot potential problems early. The hard part will be analysing all the information quickly enough to use in effective decision making.

The use of so-called big-data techniques is relatively new, especially in the construction sector. Consequently, there is plenty of work to be done in figuring out how to bring the different elements together into one effective method. The firms that get it right first can expect to see significant benefits, which hinge around their potential to deliver cost savings.

5. Real-time project management
When all the potential of technology is brought together, the possibility of achieving real time project management emerges. This means knowing every detail of each moving part, fixed asset, batch of materials and even the teams doing the work.

Real time project management can be achieved by using fixed cameras, or drones, to provide the images needed to connect with the data and pinpoint where everything is. The results of this real-time input could update plans and details as projects progress, create regular reports to keep people informed of progress and help manage site schedules. The cost-saving potential of the technology makes real-time project management a future people are ready to see now.

To learn more about these trends register to attend The Big 5 for free, 26-29 November 2018. REGISTER NOW

To register for the Project Management Talks CLICK HERE

Industry News
About The Big 5

25 - 28 November 2019, Dubai World Trade Centre

The Big 5 is the region’s largest and most influential event for the construction industry.

Since 1979, the event has launched hundreds of thousands of products boosting the expansion of the Middle East and African markets. It has facilitated partnerships, advanced knowledge and industry best practices, while serving as the gateway for international companies to access the region.

Celebrating its 40th anniversary this year, the event is set to support construction companies through a shifting economic landscape, boost business, launch the latest building solutions, educate industry professionals, and foster best practices championing technological innovation. 

For the first time, The Big 5 covers the full construction cycle. Not only does it showcase products across six dedicated product sectors: MEP services, Building Interiors & Finishes, Building Envelope & Special Construction, Construction Tools & Building Materials, Construction Technology & Innovation, and the all new Offsite & Modular Construction.

It also runs alongside six specialised events enabling industry professionals to source products from around the globe for every stage of the construction projects: The Big 5 Heavy, Middle East Concrete, HVAC R Expo, Middle East Stone, The Big 5 Solar, and the Urban Design & Landscape Expo.

Beyond bringing to Dubai over 20,000 innovative building solutions to over 68,000 expected visitors, the seven co-located events provide more than 220 complimentary high-level summits, practical seminars, and CPD-certified workshops to foster collaboration, support best practices, and provide effective solutions to today’s industry challenges.

In order to promote technological innovation in the construction sector, the event also features The Big 5’s Start-Up City, the Live Innovation Zone, and the FutureTech Construction Summit, among others.

The Big 5 is organised by dmg events and is free to attend for all pre-registered visitors. Free online registration closes on 24 November 2019; 200 AED entrance fee will be charged to non-registered visitors.

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To know more, visit www.thebig5.ae


About dmg events

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.

We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events.

dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings and transportation sectors. ADIPEC, The Big 5, Gastech, EGYPS, The Hotel Show and INDEX are the company’s flagship events. For more information visit www.dmgevents.com.

Founded in 1989, the company is headquartered in Dubai, UAE, and is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.co.uk), one of the largest media companies in the United Kingdom.