The Power of Data: Leveraging Artificial Intelligence (AI) and Machine Learning (ML) with Capital Improvement Program Performance
Wednesday | Sept 22, 2021 | 1:00pm – 1:45pm EDT
Theater 1
On average, facility and asset owners carry 10% of total design and construction cost estimates as contingency to help reduce the chances of being over budget. For many owner Project Managers, going over budget is considered a career limiting move. In the private sector, some owners are carrying 30% contingency due to a cultural pattern of late project owner-driven scope change. On a $10 million dollar project, that is a hefty $1 million dollars of contingency. Across the average annual capital program of $250 million dollars, that is $25 million dollars (or $75 million for conservative owners) reserved in contingency. That is more than enough to build a new school, hotel, or an emergency room.
Want to know a secret? 25+ years of detailed construction performance data only available with e-Builder Enterprise demonstrates that owners actually use a small fraction of the contingency they reserve. This means that millions of dollars is ultimately trapped in your capital programs budget and upon project close-out, these funds “evaporate”. Many leaders agree that the funds should have been better deployed to deliver another project in your capital improvement program. Join this session to learn about some of the most exciting innovations happening on e-Builder Enterprise and how your organization can leverage artificial intelligence and machine learning on your data to unlock untold millions of dollars in your budget.
Chris Bell
Vice President of the Data & Analytics Center of Excellence for Construction Sector | Trimble
Chris Bell serves as the Vice President of the Data & Analytics Center of Excellence for Construction Sector of Trimble (NASDAQ: TRMB) helping to drive technology innovation in machine learning, artificial intelligence, and deep learning for the construction industry.
Throughout his 25+ year career, Chris has leveraged a unique blend of backgrounds from the engineering & construction industry, project & program management, and software industry to evangelize digital transformation with construction stakeholders including architects, engineers, contractors and asset owners.
Chris has a passion for leadership and has spoken at many conferences including Project Management Institute (PMI), Integrated Program Management Conference (IPM), Association for the Advancement of Cost Engineering (AACE), Engineering News Record (ENR), Risk Management Society (RIMS), National Defense Industrial Association (NDIA), and many others. reHe’s also a published author of EVM for Dummies, 7 Habits of Highly Effective Projects, and many other articles and whitepapers.
Chris holds a Bachelor of Science degree from Mansfield University, and has completed graduate work at Boston University and Oklahoma State University. He also holds certifications from Project Management Institute, the Construction Industry Institute, and Arizona State University.
John Maliani
Vice President, Technology
John Maliani has over 20 years of experience in the software industry. In his current role at e-Builder, John serves as the Vice President, Technology where he is responsible for all aspects of day-to-day operational strategy and execution for product development, quality, performance, scalability, and delivery. In addition, he oversees product innovation through Artificial Intelligence research and initiatives.
Prior to e-Builder, John spent 10 years on the leadership team at Ultimate Software serving in many capacities from leading development to executing the organization’s overall strategic and technical direction as an Engineering Fellow. He has co-authored 6 patents after building a highly-skilled research team.
John holds a Master of Science degree from Syracuse University and a Bachelor of Science degree from SUNY Polytechnic Institute.