JA Venture Capital’s Post

Capital project leaders are set to invest an astonishing $130 trillion between 2022 and 2027, marking a 70% surge from the previous five years. With spending on the rise, companies are blending tech and talent to maximize returns. As highlighted by McKinsey’s senior partner @Ishaan Nangia and partner Jae (Hoon) Jung in a recent discussion, the integration and scaling of tech enablement—such as digital twins, generative scheduling, and digital control towers—will become increasingly crucial. The potential here remains largely untapped. Discover how capital project leaders can thrive in this new era: https://lnkd.in/g9q3bVik #CapitalProjects #TechEnablement #Innovation #ProjectManagement #DigitalTransformation

Capital project leaders are set to invest an astonishing $130 trillion between 2022 and 2027, marking a 70% surge from the previous five years. With spending on the rise, companies are blending tech and talent to maximize returns. As highlighted by McKinsey’s senior partner @Ishaan Nangia and partner Jae (Hoon) Jung in a recent discussion, the integration and scaling of tech enablement—such as digital twins, generative scheduling, and digital control towers—will become increasingly crucial. The potential here remains largely untapped. Discover how capital project leaders can thrive in this new era: https://lnkd.in/gHiS4iJz #CapitalProjects #TechEnablement #Innovation #ProjectManagement #DigitalTransformation

Capital project leaders are set to invest an astonishing $130 trillion between 2022 and 2027, marking a 70% surge from the previous five years. With spending on the rise, companies are blending tech and talent to maximize returns. As highlighted by McKinsey’s senior partner @Ishaan Nangia and partner Jae (Hoon) Jung in a recent discussion, the integration and scaling of tech enablement—such as digital twins, generative scheduling, and digital control towers—will become increasingly crucial. The potential here remains largely untapped. Discover how capital project leaders can thrive in this new era: https://lnkd.in/gdFfruAP #CapitalProjects #TechEnablement #Innovation #ProjectManagement #DigitalTransformation

Tech-Enablement in Capital Projects: Why It’s a Game Changer. With a staggering US$130 trillion in capital spending expected globally between 2022 and 2027, it’s clear: capital projects are entering a new era, one where tech isn't just an option - it's essential. Leaders in this space, especially those navigating large-scale projects, know the stakes well. In recent insights from McKinsey & Company’s Ishaan Nangia and Jae (Hoon) Jung, we see just how impactful technology can be when applied thoughtfully. For those of us in project management, these aren’t abstract figures. The tools and strategies shared by McKinsey are real game changers I’ve seen in action. Here’s what they highlight in the attached: Digital Twins: Imagine simulating every design choice before any concrete is poured. Digital twins allow project teams to optimise design by creating a virtual counterpart of the asset. It’s akin to “testing” different choices without the heavy price tag. The result? More confident decisions and reduced surprises later on. Generative Scheduling: Gone are the days of limited project planning scenarios. With AI-based scheduling, it’s now possible to generate thousands of scenarios in minutes. I’ve seen this work wonders in planning phases for sectors like hospitals and mining, where better sequencing and resource allocation can make or break budgets. Digital Control Towers: Real-time visibility into project progress is a true game changer. These control towers act like a project’s nerve centre, letting leaders course-correct on the fly. In one project I was part of, this insight allowed us to catch potential delays and reroute resources early - keeping the timeline intact and the client satisfied. What stands out in these insights is that leading firms don’t just invest in tech; they invest equally in change management and skills development. For every dollar spent on tech, these organisations put another dollar into training, team upskilling, and robust change management processes. I see this as a cornerstone for project and practitioners success. As someone involved in projects that demand precision and resilience, I’m convinced that technology’s role in capital projects isn’t just to improve efficiency - it’s to elevate the entire delivery model. The future is here, and it’s both digital and human-centric. How is your team incorporating tech in capital projects? #CapitalProjects #TechEnablement #DigitalTransformation #ProjectManagement #DigitalTwins #GenerativeAI #ConstructionInnovation #FutureOfProjects #ChangeManagement #SmartInfrastructure McKinsey & Company Steffen Fuchs

Capital project leaders are set to invest an astonishing $130 trillion between 2022 and 2027, marking a 70% surge from the previous five years. With spending on the rise, companies are blending tech and talent to maximize returns. As highlighted by McKinsey’s senior partner @Ishaan Nangia and partner Jae (Hoon) Jung in a recent discussion, the integration and scaling of tech enablement—such as digital twins, generative scheduling, and digital control towers—will become increasingly crucial. The potential here remains largely untapped. Discover how capital project leaders can thrive in this new era: https://lnkd.in/g6jx-QAa #CapitalProjects #TechEnablement #Innovation #ProjectManagement #DigitalTransformation

What happens when the #1 tech consulting and project management company in the #1 Start-Up Capital of the country, DDT Tech Consulting and Project Management Company, joins forces with Bridgepointe Technologies! Together, we're revolutionizing the tech landscape and driving innovation forward. Don't miss this game-changing partnership! #DDT #BridgepointeTechnologies #TechPartnership #Innovation #StartUpCapital #TechConsulting #ProjectManagement

#trivia #saturday #funfact 🔥 Antifragility goes beyond resilience or robustness; it's about systems that get better when exposed to shocks, volatility, or disorder. Applied to project management, this approach suggests that projects can be designed and managed in a way that they benefit from unforeseen changes, challenges, and disruptions. Key principles of Antifragile Project Management include: 1⃣ Optionality: Encouraging multiple paths and flexibility in project execution to seize unexpected opportunities. 2⃣ Redundancy: Incorporating buffer resources (time, budget, or personnel) not as waste but as strategic assets to handle volatility. 3⃣ Decentralization: Distributing decision-making authority to increase responsiveness and adaptability. 4⃣ Trial and Error: Promoting an experimental mindset, where learning from small mistakes or failures leads to significant improvements. 6⃣ Non-Predictive Control: Focusing on creating conditions for success rather than trying to predict and control all variables. This approach can be particularly effective in highly dynamic and uncertain environments, like technology startups, research and development projects, and innovative business initiatives, where traditional project management methodologies might fall short. However, it requires a cultural shift and openness to new ways of thinking and working, which can be a significant barrier to its adoption. #projectmanagement #projectmanager #virtualassistant #fragilemanagement

The 4 Capitals of Change Management What if I told you there were 4 key resources to consider before diving into a big change initiative? Time Capital: ⏳ Can you dedicate enough time to make the change stick? Financial Capital: Do you have the budget to invest in training or new tools? Social Capital: Who are your allies? How will you build buy-in from your team? Anxiety Capital: ♀️ How will you manage stress and anxiety during the transition? Even one of these "capitals" running low can derail your entire initiative! #ChangeManagement #ProjectManagement #Teamwork #AgileScience #DrMarioDWallace #DrMalazBoustani

Thrilled to see Projectworks featured in the New Zealand Herald today, celebrating our successful US$5M Series A capital raise! 🎉 With this new funding and a valuation now exceeding NZ$100M, we're set to supercharge the impact of consulting experts who are driving meaningful change in every industry. 🌍 Since joining projectworks.io, it’s been clear that the team really cares about the difference we’re making in the global consulting industry. We’re proud to be doing work that matters. We’re laser-focused on the problems faced by the professional services industry and there’s so much more for us to solve. Check out our blog in the comments! #capitalraise #consulting #Projectworks #growth #professionalservices #innovation

With so much to do, it’s tempting to spread our efforts thin across multiple projects. However, the key to significant progress often lies in focusing intensely on one task at a time. An extra hour on an existing project yields exponentially higher returns compared to the same time divided across many new ventures. Before you embark on something new, consider the opportunity cost and remember that the compound effect of dedicated effort on a single project is immense. Unless a new initiative holds exceptional value, extending and refining your current work is likely to be far more beneficial. (This important and thought provoking lesson is courtesy of Peter Thiel) #Focus #Productivity #DeepWork #OpportunityCost #ProjectManagement #Efficiency #ProfessionalGrowth #TimeManagement