Project Management - CADD Centre Resource https://caddcentre.com/blog A Gold Mine of Information Thu, 02 Nov 2023 06:44:54 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.24 The Future of Project Management: PPM Primavera and ChatGPT’s Role https://caddcentre.com/blog/ppm-primavera-and-chatgpts-role/?utm_source=rss&utm_medium=rss&utm_campaign=ppm-primavera-and-chatgpts-role Fri, 28 Apr 2023 06:52:16 +0000 https://blog.caddcentre.com/?p=812 Recently, The Economist published a chart showing the jobs that ChatGPT is likely to take away from people. The list of “endangered” jobs includes telemarketers, teachers, traders, and professionals in the sectors such as...

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PPM Primavera and ChatGPT's Role

Recently, The Economist published a chart showing the jobs that ChatGPT is likely to take away from people. The list of “endangered” jobs includes telemarketers, teachers, traders, and professionals in the sectors such as securities and commodity contracts, insurance carriers, data processing and hosting, information services, and publishing.

Technically speaking, ChatGPT is a “generative” Artificial Intelligence. Simply put, it is nothing but a chatbot with the capability to come out with its own answers to our questions. Millions of people right now are having intelligent conversations with this tool. If ChatGPT can speed up a human job by at least 50%, companies will not hire people for the job – instead, they will give the job to ChatGPT.

ChatGPT and Primavera

Project Management does not figure in the list – at least not yet. But ChatGPT is not bad news for project managers. Any profession that wants excellence will need to adopt AI in whatever form it appears. One of the ways to use ChatGPT for project management is to integrate it with PPM software such as Primavera. Chat GPT 3, an advanced version, has an API that allows developers to build conversational AI applications. When the API is integrated with Primavera, it can enable PM professionals to generate human-like responses to text input.

There are many ways in which ChatGPT can contribute to the field of Project Management, and help professionals in this field become more productive. Sooner or later ChatGPT will become a subject of PPM courses and PPM training programs. And it will not be a surprise if PPM Certifications can also take into consideration a professional’s ChatGPT exposure. Here are a few areas where ChatGPT integration with Primavera can make a big difference in managing projects:

Summarisation

ChatGPT is primarily a Language Model – a “large language model” at that. It means that the tool can analyse large bodies of text and data that reside in Primavera, and have that as a basis for summarising project documents, reports, and other long-form text instantly. We can instruct it to include specific topics or subjects and give it a specific word count as well. ChatGPT with Primavera can create reports for all stakeholders including team members, vendors, and stakeholders.

Intelligent Conversations

With Primavera, ChatGPT becomes a Project Management chatbot with which project managers can have engaging conversations. Instead of going through voluminous documents, they can instantly get answers for specific questions such as: “What is the project status?”, “What is the timeline for building construction?”, “How much is left in my budget?”, and so on.

Decision making

The ability of ChatGPT to “think” on its own helps it cull out information and generate insights at a more granular level and on different aspects. This ability can go a long way in helping project managers in the “executive-level” areas such as problem-solving and decision-making. For instance, with ChatGPT professionals can make informed decisions in delegating tasks and managing team members. ChatGPT can even objectively recommend team members who are suitable and available for specific tasks, going by their skills and workload.

Predictive Analytics

As ChatGPT gets trained with Primavera’s database, it can conduct real-time analyses and offer specific predictions. Its predictive analytics capabilities could come in handy when there is a need to project a project’s future status and assess and mitigate potential risks. The chatbot can also generate alerts on potential delays, resource requirements, based on its reading of project timeline, budget, and risks, and project progress.

Learning

ChatGPT can work with external content as well as Primavera’s data concerning local projects and portfolios, and come out with industry best practices, project management methodologies, as well as guidelines for specific projects. This way, ChatGPT with Primavera can be used as a learning tool for training and professional development.

PPM Courses and Training of the Future

It is important to note that ChatGPT is not going to replace enterprise applications. Instead, it is there to add a smart chat feature to them. With ChatGPT, Primavera can provide a more engaging experience to its users. Considering such benefits, project management students and professionals who pursue PPM courses and PPM training should pay special attention to the aspect of making better use of ChatGPT in their work.

Coexistence makes sense

Professionals will continue to use Primavera for all key domains: from robust scheduling to advanced dependency management. There are many areas in that ChatGPT does not have any meaningful role to play. As it stands today, it cannot implement organizational breakdown structures and work breakdown structures, resources, activity constraints, and Gantt charts. It cannot schedule work the way Primavera does. Besides, Primavera too has its own intelligence as it has a long history of processing small and large projects, programs, and portfolios around the world and in different industries.

Hence, it is important for project managers to find a way out to enjoy the best of both worlds: Primavera and ChatGPT. They both can coexist in the enterprise and project management software ecosystem, with their integration providing unthinkable benefits to project sponsors, teams, and clients alike.

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Engineering: Project management skills and the ways to acquire them https://caddcentre.com/blog/engineering-project-management-skills-and-the-ways-to-acquire-them/?utm_source=rss&utm_medium=rss&utm_campaign=engineering-project-management-skills-and-the-ways-to-acquire-them Thu, 28 Oct 2021 08:40:26 +0000 https://blog.caddcentre.com/?p=420 Project management is essentially directing a team to accomplish the milestones and follow up with the team’s performance for the given project in the given time frame. For engineers, project management could include purchasing...

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Project management is essentially directing a team to accomplish the milestones and follow up with the team’s performance for the given project in the given time frame. For engineers, project management could include purchasing resources needed, cost management, and scheduling, etc. Engineering is a complex and ever-evolving industry, and new functional aspects are continuously being added to the process. From the drawing board to the final light switch, an engineering project manager must have a firm grasp on the complete project and the people involved.

As AI (Artificial Intelligence), IoT (Internet of Things), and IT/OT, in particular, become more prevalent in the engineering process, project management skills will become more significant in an engineer’s role. An engineer’s project management skills include leadership, organization and effective communication.

The first step into improving the project management skills would be experience application. The best project managers have had direct experience in the field helping them to grasp the workflow more tangibly, but it also helps them understand the potential problems more quickly. An experienced project manager will be better equipped for the unique challenges of the industry depending on the engineering project.

The second step is effective communication. To be successful with a project, communication is probably the most crucial skill-set an Engineering Project Manager should have. For Engineering projects, communication skills start with a solid foundational knowledge of the technological field with the project. Communication in engineering project management involves a large number of different types of project participants, each with a different set of requirements at any given time.

The third step is improving leadership skills. Every project involves a team. The team dynamics fluctuate to meet the demands of the goals set in the initial scope of work and the associated variations in the scope that naturally occur throughout the project. The Project Manager, as a part of their leadership role, is responsible for defining the scope, establishing tasks and goals, and assigning responsibility based on team member capabilities.

The next one is problem-solving. Being a great problem solver is very essential as no projects will go as planned, there tends to be a lot of problems and miscommunication arising in between the projects. The project manager has to be a very quick problem solver and his problem-solving skills will depend upon his field experience and working with others.

Being intuitive and persistent will add to the characteristics of a good project manager who will be able to prioritize and smartly delegate the work to the right people at the right time to ensure the project is completed effectively and efficiently at the given time.

 

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Successful Project Engineering Management https://caddcentre.com/blog/successful-project-engineering-management/?utm_source=rss&utm_medium=rss&utm_campaign=successful-project-engineering-management Wed, 07 Jun 2017 11:12:03 +0000 http://blog.caddcentre.com/?p=182 Engineering, construction, procurement, and project management are something every business organization dream to achieve in the market. Many big and small organizations strive to become flexible service providers by offering a comprehensive project portfolio...

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Engineering, construction, procurement, and project management are something every business organization dream to achieve in the market. Many big and small organizations strive to become flexible service providers by offering a comprehensive project portfolio to ensure project success. This includes pre-investment consultancy, engineering design and product development, risk analysis, project management, construction, and implementation.

Project Management is a critical area when it comes to engineering. It involves applying skills, knowledge, techniques, and the use of various tools to meet the project management requirements. These tools, techniques, and skills are never predefined and solely depend upon the type of the project, the stakeholder, the project life cycle, and several other variables.

Sometimes a question arises what is the need for Project Engineering Management when the projects are relatively smaller or in the case of personal projects. Well, the answer lies in the fact that without proper management of these engineering projects, the risk of failure increases. When a proper risk assessment plan in the case of engineering projects is implemented, it saves a huge amount of time that would have been wasted to find the solution to the problem which could have been prevented otherwise.

Successful Project Engineering Management needs a clear understanding of people that are capable of completing the project within time and cost limits without compromising the quality. The size of the project is never a matter of concern in such a case. Proper management of the project is always important in order to minimize the chances of failure due to poor management methods.

An organization, therefore, prefers to work with a project manager who is responsible for planning, executing, managing, and closing a project after meeting all the requirements. His responsibilities also include tasks such as developing the budget and schedule of the project he is responsible for. To achieve this level of proficiency, business houses are hiring certified engineering project managers from an engineering discipline.

To meet this demanding market need and to help professionals gain success in the field of engineering project management, CADD Centre is offering dedicated courses for candidates. Students and professionals who wish to make a career in the field of project engineering management can get certified and accelerate on their career path with a world-recognized certification.

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Control Construction with Cost Estimating Software https://caddcentre.com/blog/control-construction-with-cost-estimating-software/?utm_source=rss&utm_medium=rss&utm_campaign=control-construction-with-cost-estimating-software Mon, 20 Mar 2017 10:31:41 +0000 http://blog.caddcentre.com/?p=50 Estimating construction expenditures has never been stress-free. Precise estimates of the software cost are an acute part of effective Cost Estimation Software, particularly for large, multifaceted systems. Whether a commercial contractor or housing contractor,...

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Estimating construction expenditures has never been stress-free. Precise estimates of the software cost are an acute part of effective Cost Estimation Software, particularly for large, multifaceted systems. Whether a commercial contractor or housing contractor, subcontractor, or craftsman estimating is the foundation of construction business. After making an upright profit hinges on how swiftly, perfectly and easily one can assume construction estimates.

Various cost estimating software has played a progressively significant role in planning, acquisition, engineering, control and improvement, particularly for enormous, multipart systems. For such structures, exact estimates of the construction expenditures are a serious part of effective cost estimating software. The drill of forecasting the cost has emerged, but it is far away from perfection. Cost estimating Software targets the consumer’s cost estimation and control requirements, Cost estimating software performs from taking-off, scheduling and estimating a project, observing at site level, clinched to the final documentation. To attain considerable and consistent profits, a construction professional or contractor needs to create comprehensive construction cost approximations and submit mistake free reports. Cost estimating softwares are intended for general manufacturing, infrastructure remodelling, infrastructures building and evaluation, residential and commercial painting, concrete construction, restoration and insurance repair while demonstrating best worth in the cost estimating software.

 

Cost Estimating Software helps to craft estimates, manage planning and maintains accounting – all in one

Construction cost estimating softwares are intended to save time. Cost Estimating Software comes with an influential cost database that’s a spontaneous to bring up-to-date. It doesn’t require to go back to the drawing panel for each single construction proposal or estimate. Softwares can create scalable, comprehensive templates that are easy to amend.

 

Cost Estimating Software Objectives

1. Generate cost estimations and evaluations using different estimating calculation.

2. Plan and control construction activities that helps to sidestep repetition of work and time consuming activities.

3. Explain cost valuing, cost estimating terminologies, and cost estimating conceptions such as source of estimate

4. Practice and define a resource breakdown structure (RBS) and solid work breakdown structure (WBS) to assess work, time and cost.

5. Pertain a prescribed process to generate a cost evaluation for any project.

Cost Estimating Software courses are envisioned for program and project managers who desire to boost their project knowledge and cost estimating skills mandatory to deliver critical projects on defined time and in economical way. Aspirants learn how to calculate costs and detect cost-estimation means for the construction business.

 

Image courtesy: core-services.org

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