Live Webinar – May 16th 2019 7:30 am – 8:30 am EDT
Live Webinar – May 16th 2019 12:30 PM – 1:30 PM BT
Activity Type: Education – Course or Training 1 Hour 1 PDU
Provider: Association for Project Management – APM
As a project manager accountable for selecting suppliers, imagine a world where clients share data on supplier performance, on their adherence to schedule and cost, compensation events and volume of costed change requests.
This data enables insights into how the supplier relationship is likely to evolve, and the likelihood of project success.
Data analytics is used to predict who is going to compete for a contract and whether there will be an outright front runner. By changing the evaluation rules, you can level the playing field and encourage greater competition.
Then, as a bidder, imagine a world where an organisation can reliably predict their win probability before they bid for work. A capability that scrapes the internet for opportunities; identifies competitors and their strengths and weaknesses; and ranks the opportunities based upon the greatest probability of win … it begins to reshape how organisations bid for work.
It sounds like something from the Minority Report,
But these capabilities are with us today.
BUT Is This Approach Defensible?
It is fraught with legal and ethical risks which may, in themselves, cause significant delay to your project as well as reputational damage to your organisation.
Savvy bidders will attempt to game the system defeating the object of identifying the best value provider. It may ultimately lead to over-reliance on a few or one supplier. But it could also save organisations a lot of unnecessary expense and focus on those bids they know they have a good chance of winning.
Within this talk, Martin will walk us through the art of the possible, with its potential to transform procurement and bid management, and also explore the wide range of issues that must be very carefully managed, before you choose to implement it … or should we say, if you choose to implement it.
Webinar Objectives & What You Will Get Out Of It
- An appreciation of the art of the possible and how AI may shape the future of procurement, for bidders and clients alike.
- An overview of the risks and issues and how they may affect potential roll out.
- Sufficient understanding to enable you to develop a strategy on how to engage with it or consciously decide not to.
- An appreciation of how it may impact your career.
Agenda
- Welcome
- Overview
a. Introduction to AI and Project Data Analytics
b. Potential use cases
c. Sources of data
d. Examples of how this could be applied today - The opportunity
a. How we may be able to deploy it
b. Potential roadmaps - The challenges and risks including:
a. Collusion and gaming the system
b. Creating black lists
c. Unfairly discriminating against suppliers with recent problem projects
d. Progressive over-reliance on a few or one supplier
e. Using legacy data to shape procurement decisions
f. The ‘computer says …’ syndrome : black box algorithms can lack transparency - Impact on the career of procurement professionals
- Q&A
Presenter: Martin Paver (LinkedIn profile) BEng(Hons) MBA CEng MIMechE MAPM RPP has 25+ years’ experience in a wide range of strategy, project, programme and portfolio management roles, spanning the delivery of cutting edge research through to leading a $billion infrastructure programme. Martin has worked in the defence, nuclear, transport and energy sectors, and has a deep understanding of the organisational imperative to leverage the experiences of the past to transform future delivery. Martin established the London Project Data and Analytics Meetup,& identified and collated over 15,000 P3M lessons.
Click to register for:
Data Analytics In Procurement:
New Opportunity Or Pandora’s Box Of Risk?
| 1.0 | 0 | 0 |
| Technical Project Management | Leadership | Strategic & Business Management |
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