Project controls have evolved dramatically, with digital transformation taking center stage. Here’s how the industry is shifting:
1. Traditional Project Controls Methods
In the past, projects relied heavily on manual scheduling (using Gantt charts) and spreadsheet-based cost tracking. For example:
- A traditional Gantt chart might list tasks with estimated start and finish dates, but lack integration with actual performance data.
- Cost tracking in Excel often led to errors when manually updating data.
While these methods were functional, they had significant limitations in tracking real-time performance and dealing with project complexities.
2. Digital Transformation in Project Controls
The advent of modern technology has transformed project controls, particularly in the following areas:
a) Advanced Scheduling Software:
With tools like Primavera P6 and MS Project, schedules are now dynamic and integrated with real-time data. For example, if a delay occurs in one task, the system automatically adjusts the entire project schedule.
b) Cloud-Based Solutions:
Cloud tools like Procore allow project teams to update documents and progress reports in real time. For example, if a subcontractor completes work on-site, they can upload their progress directly into the system, providing accurate data for project controls.
c) Artificial Intelligence and Machine Learning:
AI can analyze historical data and predict potential risks or delays. For example, if the data shows that past projects were delayed by supply chain issues, AI can flag this risk for upcoming projects.
d) Integrated Project Delivery (IPD):
In IPD, all project stakeholders (designers, contractors, owners) collaborate from the start, using shared platforms to track performance. This reduces siloed work and ensures that all parties are aligned from day one.
3. The Future of Project Controls
Looking ahead, we can expect the following trends:
Automation:
Automation will reduce repetitive tasks in scheduling and cost tracking, freeing up time for project managers to focus on strategic decision-making.
Blockchain:
Blockchain will enhance transparency and streamline contract management. Smart contracts will automatically trigger payments when project milestones are met, reducing delays and disputes.
Smart Contracts and IoT:
The Internet of Things (IoT) will allow real-time tracking of materials and equipment, while smart contracts ensure that payments are made based on actual performance, reducing delays and increasing trust.